Libyan oil output drops by over 70.000 bpd as gunmen blow up key pipeline

Last week, a Libyan oil source told Reuters production at the field was stabilizing around 300,000 barrels per day (bpd) and the NOC was trying to restore full capacity of 340,000 bpd.

A group of gunmen have blasted a pipeline pumping crude oil to Al-Sider port on Tuesday, cutting Libya’s oil production by up to 100,000 barrels per day (bpd), military and oil sources reported on Monday.

The Libyan National Oil Corporation (NOC) commented on the incident in a statement, saying the output had been reduced by 70,000-100,000 bpd.

The cause of the explosion was unclear, the NOC added.

The gunmen, according to military sources, arrived at the site near Marada in two cars and planted explosives on the pipeline.

 

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