Tripoli: Libya's oil production fell to less than half the level pumped before the 2011 uprising against Muammar Gaddafi, while strikes and protests kept all but one of its export terminals closed, the country's oil minister said.
The holder of Africa's biggest reserves is pumping about 650,000 barrels a day, while among its export terminals, only Zawiya, with a capacity of 300,000 barrels a day, is in operation, Oil Minister Abdulbari Al Arusi said. The Mellitah terminal may restart today following the resumption of the El Feel, or Elephant, field, Al Arusi said.
"This is a tragic situation," Al-Arusi said at a news conference in Tripoli yesterday.
Output losses in Libya, Iraq and Nigeria have constrained supplies from the Opec, supporting oil prices above $100 a barrel. Interruptions at ports and other installations across Libya slashed the nation's oil production to 800,000 barrels a day in July, half the level of the post-revolution peak a year earlier, says a survey.