Libya Oil Chief Warns Output to Drop Every Day as Ports Halted
- Sanalla urges army to reopen oil ports, let NOC control them
- Libya’s instability hampering OPEC efforts to pump more oil
Photographer: Shawn Baldwin/Bloomberg
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Libya’s oil output will keep dropping day by day if major ports remain closed after clashes last month led to a political deadlock, the head of the country’s state energy producer said.
“Today, production is 527,000 barrels a day, tomorrow it will be lower, and after tomorrow it will be even lower and everyday it will keep falling,” Mustafa Sanalla, chairman of the Tripoli-based National Oil Corp., said in a video statement posted on the company’s Facebook page. The nation was producing more than twice that amount before fighting in February forced an oil field in western Libya to shut down, he said.