Petroleum Africa
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Wednesday, November 11, 2015
Once again production levels in Libya have seen a downturn due to the divided nature of the country. The embattled country’s output dropped to 400,000 bpd following the closure of a port operated by the unrecognized Tripoli government by the internationally recognized government in the east.
Production fell after crude exports halted at the port of Zueitina. Data compiled by Bloomberg said Libya was producing at a rate of 430,000 bpd in October.
Zueitina will be closed until further notice, and tankers seeking to load crude there must now register with a rival NOC management loyal to the internationally recognized government based in eastern Libya, according to Petroleum Guard spokesman Ali al-Hasy. Vessels registered with the NOC administration in Tripoli, seat of an Islamist-backed government, are “illegitimate” and won’t be permitted to load at Zueitina, he said
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