Libya: Crude production bounces back

Country Views
Libya

Florence Eid-Oakden, Ph.D., Chief Economist
Robin Mills, Energy Analyst
Charlene Rahall, Roa Ibrahim, Maryam Salman, Analysts

Highlights include:

  • Crude production in August rebounded to an annual average of around 1 Mb/d after falling to a 15-month low of 660 Kb/d in July.

  • Exports have been more stable than production in recent months due to crude being loaded from Libya’s storage units (including floating storage at Zawiyah).

  • Ahead of national elections currently planned for 10 December, it is less likely the Libyan National Army (LNA) and the Petroleum Facilities Guard (PFG) will engage in another military standoff.

The Country Views series shines the spotlight on specific developments in MENA countries, analysing them from a local perspective to deliver forward looking views for businesses and investors.

To access this report, please click here.

 

SHARE THIS ARTICLE