Libyan Oil Output In Freefall As Chaos Spreads
Libya’s crude oil production has plunged to 270,000 b/d in recent days as the crisis that has gripped the oil sector since late June intensified to engulf both eastern and western oil installations, forcing the shutdown of the Sharara and Elephant oil fields and choking off oil exports.
National Oil Corporation (NOC) Chairman Nuri Berruien tells MEES that oil output for the first four weeks of August...