NOC: Libya won’t be “that affected” by world oil prices fluctuations

  • Libyan Express |
  • Sunday 28 February 2016
NOC, Tripoli (internet)

NOC, Tripoli (internet)

The spokesperson of the National Oil Corporation, Mohammed Al-Hrari said Libya won’t go under a bad impact of either the increase or decrease of world oil prices confirming that Libya’s production does not exceed 350 barrels a day with only 250 barrels exported daily.

On Friday, the world oil market saw a bit of uncertainty about oil prices as Brent shrank to 35.12 and West Texas to 33.03, knowing that a day before that both of them witnessed a soaring of more than 3%.

Meanwhile, Libya is still suffering from a very low oil production due to security issues and conflicts alongside the oil crescent region.

Azara Media

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