The outlook for Libya’s oil production is getting darker by the day as key eastern players continue to squeeze the country’s ability to export oil amid an ongoing struggle for political supremacy.
The April closure of two eastern terminals – Brega and Zueitina – as well as Eni’s El Feel field and the partial closure of the Repsol led 290,000 b/d El Sharara fields already resulted in Libya’s crude production falling to a 19-month low 750,000 b/d for May (MEES, 10 June). (CONTINUED - 903 WORDS)
