Clashes push down Libyan oil output

Libya

TRIPOLI, March 13, 2017 – Ongoing clashes between rival factions in Libya, now in their second week, have begun to impact upon oil production, media reported on Monday.

Sources familiar with operations across the North African country say output is down 11% to 620,000 bopd. Speaking on the condition of anonymity, sources told Bloomberg the Waha Oil Company joint venture between National Oil Corporation, Hess, Marathon and ConocoPhillips had been forced to halt transports to the Es Sider oil port, contributing to the 80,000-bopd reduction in production.

The UN-backed Petroleum Facilities Guard last Tuesday regained control of Es Sider, but ongoing clashes with the Bengazi Defense Brigade militia has so far prevented tankers from loading.