Eni oil production in Libya halved to around 160000 boed CEO – Hellenic Shipping News Worldwide

Category: Libya

Enis oil production in Libya has halved to around 160,000 barrels per day, the Italian majors chief executive said on Thursday.

The situation in Libya is very difficult since for more than three weeks theres been a million barrels stuck, Claudio Descalzi said on the sidelines of a conference.

Descalzi said output was low, around 156,000-160,000 barrels per day compared to a previous 300,000 barrels.

Our concern is for the people. We have more than 5,000 people and we need to understand if we can pay their salaries, Descalzi said.

Libyas oil production had dropped sharply since groups loyal to eastern based commander Khalifa Haftar began a blockade on Jan. 18, closing ports and fields in the east and south.

Eni is the biggest foreign oil producer in Libya.Source: Reuters (Reporting by Giancarlo Navach, writing by Stephen Jewkes)

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Eni oil production in Libya halved to around 160000 boed CEO - Hellenic Shipping News Worldwide

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February 7th, 2020
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