Libya’s output recovery has slowed, falling by 50,000 barrels per day (bpd) recently due to problems at the nation’s major Sharara field, and pipeline leaks impacting operations at the Waha oil fields.
NOC Libya Chairman Mustafa Sanalla revealed this at the Libya Investment Conference, adding that the pipeline leaks could cause an output loss of 160,000 bpd if not immediately fixed.
The pipeline was last repaired in January, closing off 200,000 bpd of crude output. Still, the company hopes to increase production to 1.45 million bpd by the end of the year; S&P Global Platts estimates that the nation produced 1.15 million bpd of crude in May 2021.
