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Page added on November 27, 2014

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Libya Producing 700000 B/D of Oil

Production

Libya is currently producing 700,000 barrels a day of oil, a top energy official said Wednesday.

The country’s current production, less than half of its normal level of about 1.5 million barrels a day, has been hit by frequent unrest and strikes.

Speaking to reporters, Mohamed Oun, a deputy vice-prime minister for energy, also said his government decided to replace the head of the National Oil Co. Mustafa Sanallah with Almabrouk Abuseif Alahirish.

Mr. Sanallah couldn’t be reached for comment.

It’s unclear how Libya’s internationally recognized government could enforce the decision. A rival rebel cabinet is in control of NOC’s offices in Tripoli.

Mr. Oun is part of a team sent to Vienna by the internationally recognized government for a meeting of the Organization of the Petroleum Exporting Countries.

Deputy-Prime minister Abdulraman al-Taher Alahirish told reporters he would lead the Libyan delegation at the gathering. Under the organization’s rotation system, he would be president of the OPEC summit.

wsj.com



One Comment on "Libya Producing 700000 B/D of Oil"

  1. Ralph on Thu, 27th Nov 2014 10:24 am 

    LIbya is a failed state, rapidly going the way of Syria and northern Iraq.

    700,000 bpd is a pipedream for the foreseeable.

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