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Libya Oil Output Falls By 200,000 Bpd

Libyan oil production will be reduced by another 200,000 bpd this week because of urgent repairs on a pipeline, the Libyan National Oil Corporation said this weekend. The news comes on the heels of the latest production outage at Sharara—Libya’s largest oil field—caused by the Petroleum Facilities Guard, which was protesting the removal of an official from the company that operates the field, Argus reported at the time.

Sharara can produce some 300,000 bpd of crude, which makes it a frequent target for protesters. Besides Sharara,…

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