Oil company Al Waha, a subsidiary of the Libyan National Oil Company (NOC), reduced its crude oil production by 88,000 barrels per day due to the closure of oil ports in the country in the wake of bad weather.

Al Waha supplies the port of Al Sidra, closed due to bad weather. Libya’s current production is 1.3 million barrels per day, the highest level since 2013. The average production in 2018 reached 1.107 million barrels per day.

Three tankers waited Tuesday to dock at Al-Sidra port, supplied by Al Waha, a joint venture with US companies ConocoPhillips, Hess and Marathon Oil. Oil flows in the ports of Ras Lanouf, Al Harriga and Zueitina continued, despite the bad weather. Libya’s oil production, which is currently at 1.3 million barrels of oil per day, is constantly disturbed by the insecurity caused by the intervention of the armed groups or social movements of the inhabitants of the regions near the production sites.

Selected by SPTEC Advisory from Ports Europe