Libya’s oil exports decline in September, most production halted

Libya’s oil exports decline in September, most production halted

Data from oil analytics firm Kepler and port agent data show that the bulk of exports Libya Of this month’s crude oil is headed to Italy and Greece, with some heading to China and Canada.

Libya is witnessing a political crisis that has led to the halt of a large percentage of its oil production.

And it was not announced National Oil Corporationwhich manages Libya’s fossil fuel resources, Force Majeure On all loading operations at ports, and chose to use this procedure on certain shipments.

The corporation declared force majeure on all crude production from the El Feel oil field on September 2 and on exports from the Sharara field on August 7, before the central bank crisis began.

The institution said on August 28 that production Oil It has more than halved from its usual levels to around 590,000 barrels per day, but it has not reported any new production data since then.



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