Sanallah: Libyan oil production dropped to 523,000 bpd
The Chairperson of the Libyan National Oil Corporation (NOC), Mustafa Sanallah, has stated that Libya’s oil production has fell almost 70 thousand barrels per day (bpd) due to electric and power issues.
On Wednesday, the NOC Chairperson added that the 60,000 bpd rate that the NOC managed to sustain over the last period has temporarily stopped due to electric failures in Al-Waha and Al-Diffa oil fields.
He also stated that the technicians of the NOC managed Wednesday to fix the problems at the two oil fields and the oil production started to gradually go back to 600,000 bpd, saying the NOC is still hopeful that with the end of 2016, the oil production would reach over 900,000 bpd.
Sanallah had previously told Reuters that an explosion, thought to be caused by an electric issue, took place at the control room of the Laheeb oil field on Tuesday losing the NOC 19 million barrels of crude oil and 15-17 million ft2 of gas.