Mustafa Sanalla, chairman of the National Oil Corporation, said fresh conflict threatened the country's efforts to raise outputAround 95 per cent of Libyan production could be lost should the conflict in the North African state continue, according to the chairman of the country’s National Oil Corporation. "Unfortunately, if this situation continues like this, 95 per cent of production will be lost,” Mustafa Sanalla the head of Libya's NOC told reporters in Jeddah. "The war is bad and it’s creating a vacuum inside the country, so the war should be stopped to get production running.”Libyan production currently averaged 1.3 million barrels per day, he added. Independent Opec estimates suggest Libyan oil production averaged 1.176 million bpd in April. The NOC has targeted raising production capacity to two million bpd and more three billion standard cubic feet of gas by 2022.

Source: Libya Today May 18, 2019 16:23 UTC