Libya's oil production hits 490, 000 barrels a day

(AGI) Tripoli, March 24 - Libya's oil production is currentlyrunning at 490,000 barrels a day, according to the Bahraininewspaper 'al Wasat', which cited data from local sources. Inthe past few days crude oil exported via the east Libyanharbours of Hariga and Zueltina totalled 1.3 million barrels.Daily oil extractions have suffered a sharp decline since thefall of Muammar Gaddafi and the subsequent military conflict -some 60 percent down on the 1.6 million barrels plus before therevolts of 2011. The Islamic State's presence in the easterncities of Sirte and Derna has increased the

(AGI) Tripoli, March 24 - Libya's oil production is currentlyrunning at 490,000 barrels a day, according to the Bahraininewspaper 'al Wasat', which cited data from local sources. Inthe past few days crude oil exported via the east Libyanharbours of Hariga and Zueltina totalled 1.3 million barrels.Daily oil extractions have suffered a sharp decline since thefall of Muammar Gaddafi and the subsequent military conflict -some 60 percent down on the 1.6 million barrels plus before therevolts of 2011. The Islamic State's presence in the easterncities of Sirte and Derna has increased the risk of attacks onoil plants. One of the most severe attacks occurred on Feb 4thwhen an Ansar al Sharia commando, linked to Isis, attacked theMabruk oil field, south of Sirte, run by French Total togetherwith NOC (the Libyan state-owned oil company). The Jihadistsentered the site shooting, and killed 13 people, includingthree Filipino and two Ghanese workers. Following the attack,the daily production dropped for a few weeks to about 200,000barrels - only one eighth of the pre-2011 levels. (AGI).