Libyan output stable but threats remain


In depth
Issue 288 - 06 Nov 2014 | 4 minute read

Libya’s oil output has stabilised at approximately half of its 1.6m b/d maximum in early 2011 before the fall of the Qadhafi regime. Since September, National Oil Corporation (NOC) has found a way of operating under the divided control of the official House of Representatives-backed government in Tobruk and the self-declared General National Congress-backed government in Tripoli. NOC has pushed hard to get its various crude streams accepted back into the market. But while Tripoli is calm, fierce fighting in Cyrenaican capital Benghazi and the outbreak of hostilities between Tebu and Tuareg groups in the south-western town of Awbari mean that further fluctuations are likely.

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