Published on 19/05/2019 10:00:48 AM | Source: Reuters

Libya`s NOC chief says instability could lead to 95% oil production loss

Posted in Top Stories| #Oil and Gas Sector #Saudi Arabia #OPEC

JEDDAH, Saudi Arabia  - Libya's National Oil Corporation (NOC) chief said on Saturday continued instability in Libya could make it lose 95% of its oil production.

"Unfortunately if the situation will continue like this I’m afraid that maybe 95% of production will be lost," Mustafa Sanalla told reporters in Jeddah ahead of a ministerial panel gathering on Sunday of top OPEC and non-OPEC producers.

Sanalla said an attack had happened near Zella oilfield earlier on Saturday.



(Reporting By Dahlia Nehme and Stephen Kalin, Writing By Maha El Dahan)