Libya’s National Oil Corporation (NOC) is being forced to shut-in about 200,000 b/d of output whilst its Waha Oil Company affiliate works to repair a leaky pipeline connecting key fields to the Es Sider export terminal.
This marks Libya’s first significant output fall since NOC emerged from an eight-month blockade to boost crude and condensate output from 100,000 b/d in September to nearly 1.3mn b/d before Waha’s output reduction. On a monthly basis, December’s 1.2mn b/d crude output was the highest in over a year. (CONTINUED - 713 WORDS)
