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Libya Crude Oil Output Falls 13% After Field, Port Closings

  • Production declined 97,100 barrels a day since March 3
  • Force majeure may be declared at ports if fighting continues
A general view shows an oil facility in the northern oil rich Libyan town of al-Buraqah on January 12, 2017. The deeply tribal nation has been sharply divided since the 2011 ouster of longtime dictator Moamer Kadhafi, with rival militias vying for influence and control of oil resources.

Libya’s crude output dropped 13 percent as clashes among rival armed groups over the last 11 days led to the closing of some of the OPEC nation’s biggest oil export terminals, forcing a number of fields to halt production.

Output is down to 602,900 barrels a day, Jadalla Alaokali, a board member at National Oil Corp., said by phone Monday. Production was about 700,000 barrels a day before fighting broke out on March 3. The offshore Al Jurf field run by Mabruk Oil Operations is under maintenance, contributing to the reduced supplies, Alaokali said.