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Libya Oil Output Drops as Factions Fight Over Energy Assets

  • Tankers must get East Libya government approval for loadings
  • West Libya's National Oil declares force majeure at Zueitina
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Libya’s oil output dropped below 400,000 barrels a day after the divided country’s internationally recognized government in the east closed a port run by a rival administration in the west, in a push to assert control over more energy assets and exports.

Production fell after crude exports halted at the port of Zueitina, Mohamed Elharari, a spokesman for the National Oil Corp.’s management in the western city of Tripoli, said Wednesday by phone. Libya pumped 430,000 barrels a day in October, data compiled by Bloomberg show.