- Advertisement -An explosion on a pipeline carrying crude oil from Libya’s south to a port terminal in its north Tuesday will slash production, the National Oil Company said. ‏”NOC continues to investigate the causes of the explosion” north of the town of Marada, it said in a statement. The line is operated by the Waha Oil Company, which pumps around 250,000 bpd from oilfields in Libya’s desert south. Libya produces around one million bpd, but production is regularly disrupted by acts of sabotage, as well as protests over wages or politics. With estimated oil reserves of 48 billion barrels, Libya used to produce 1.6 million bpd before the 2011 uprising that toppled longtime dictator Moamer Kadhafi.

Source: Libya Today December 26, 2017 18:56 UTC