Libya 1.2 Mbpd production Rate to Witness a Hit of 0.8 Mbpd- Says NOC

  • Jan 20, 2020 AEDT
  • Team Kalkine

Libya has started to shut down two large oil production bases over a military blockade.

  • In the status quo, the running conflict between the two rival factions is further escalating, which is further anticipated by the market to trickle the supply from OPEC.
  • National Oil Corporation mentioned on Sunday that forces loyal to the Libya National Army closed a pipeline, which led the company to shut down two oil fields on the southwest.
  • The shutdown is expected by the company to slash out 800,000 barrels of oil production per day.
  • Foreign countries agreed in a summit on Sunday in Berlin to strike a truce in Libya, albeit, the latest blockade overshadowed the event of the summit.



All pictures are copyright to their respective owner(s) does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK