Libyan Crude Production at Risk of Further Decline

Summary:

A dispute over control of the central bank has led Libya’s eastern-based Government of National Stability (GNS) to threaten a halt to all activities in oil fields and at export terminals. This follows the protest-induced halt in production at the large Sharara field in early August. Libya’s crude oil production has been near 1.2 million b/d in recent months but now has fallen by roughly 200,000 b/d in August. ESAI Energy expects further reductions in oil output until this latest standoff is resolved.

For the full report, you can visit the ESAI Client Portal at http://client.esaienergy.