Libya’s internationally recognized government alleged “political blackmail” as production began to be cut at the OPEC nation’s largest oil field. Production at Sharara has dropped by at least 50,000 barrels a day to 210,000 since employees received orders to trim the southern field’s output on Saturday night, according to people familiar with the matter. They asked not to be identified as they aren’t authorized to speak to the media.

Source: Libya Today August 04, 2024 03:52 UTC