Libya Says Oil Output May Almost Fully Halt Within Days
- Output likely to drop to 72,000 barrels a day from 262,000 now
- NOC’s plan to boost output at risk due to blockade: Sanalla
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Libya’s oil output could be days from coming to a complete halt as conflict in the OPEC nation puts the country’s most vital industry at risk, the nation’s top oil official said.
The country is currently pumping 262,000 barrels a day and could fall as low as 72,000 barrels within days, National Oil Corp. Chairman Mustafa Sanalla told Bloomberg Television in an interview. “The loss of Libyan oil production will have a bad effect on the price.”