LIBYA

Libya Cuts Output Allowables 

Libya has reduced its crude oil production allowables by some 110,000 b/d in line with quota cutbacks decided upon at last month's OPEC conference, MEES learns from Tripoli sources. The new allowables applicable to the various producing companies, adding up to 1.04mn b/d, are understood to be broken down approximately as follows: Oasis/NOC, 400,000 b/d; Ageco/Umm al-Jawabi (NOC for Sarir and Amna crudes), 175,000 b/d; Agip/NOC, 160,000 b/d;...