FILE PHOTO: Chairman of Libya's state oil firm NOC Mustafa Sanalla talks to journalists at the beginning of an OPEC meeting in Vienna, Austria December 6, 2018. "The armed group attempting to hold NOC and Libya's economic recovery to ransom must leave the field before NOC will consider restarting production," NOC Chairman Mustafa Sanalla told a Chatham House conference in London. OPEC member Libya is now producing just below 1 million bpd, Sanalla said, below average production in 2018 of 1.1 million bpd. Libya's oil industry has faced disruption since unrest began, with rival power centres in the west and east. "It is my concern that a sequence of events has been set in motion with unknowable consequences for Libya, and NOC," he said.

Source: Libya Today June 11, 2024 16:05 UTC