WORLD

Libya’s oil output down by 252,000 barrels per day due to armed protests

Published

8 years ago

March 29, 2017

Oil eases but Saudi tensions keep 2-1/2 year highs in sight

Oil production from the Western Libyan fields of Sharara and Wafa has been blocked by armed protesters, reducing output by 252,000 barrels per day, a source at the National Oil Corporation said on Tuesday.

The company declared force majeure (greater force) on loadings of Sharara crude from the Zawiya oil terminal in the west of the country and Wafa condensate loadings from the Mellitah terminal.

Supplies were stopped by the shutdown of pipelines leading from the fields to Zawiya refinery and the port, a Libyan oil source said.

Related Topics:

Up Next

Guterres confirms remains of UN experts

Don't Miss

Oil prices rise with Libyan output disruption

NEWSVERGE

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour. The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.