Turmoil in Libya Hurts Eni, Suncor More Than Statoil, TotalHira Shahnawaz Akhtar
Libyan July oil production dropped 29% MoM and halved over the previous year due to a civil war situation in the country. Furthermore, the country has closed all of its oil export terminals in the Eastern region, making the Mediterranean oil market very uncomfortable about prospects of output from Libya.
Oil production in Libya
Production in July 2013 averaged at 800,000 barrels per day (bpd). However, recent reports by Libyan local newspapers indicate that the output fell to . . .
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