Oil exports from Libya reduced

Crude oil from Libya to cut against the backdrop of heightened tension in the country, falling oil production, the impact of international sanctions and the rising costs of trucking, reports RBC with reference to Reuters. While there are violent clashes with government forces, the opposition camp, the oil industry is trying to assess the scale of the consequences of these events for the industry. Analysts say that Libya undersupplies about half of normal oil output at 1.6 million barrels. per day. Evaluation of experts from the International Atomic Energy Agency (IAEA) is even starker: according to the organization, the world loses every day from 850 thousand to 1 million barrels. oil due to unrest in Libya. Libyan authorities report that oil production in the country was reduced to 700-750 thousand barrels per day. per day. "We have seen a massive exodus of skilled personnel from Libya, and all indications are that soon the oil industry in the country will be fully lifted," - said one analyst on energy issues, IHS Energy. Over the past week, Libya has set at least 4.4 million. barrel. crude oil. However, representatives of trucking companies say that the number of flights over the past few days has been appreciably reduced. In addition, according to some sources, some tankers out of the Libyan ports without oil. This information was confirmed, in particular, representatives of the Iranian company NITC and the Danish Torm. The civil war in Libya's oil production the country has decreased dramatically. In late February, the International Energy Agency (IEA) reported that oil production in Libya was reduced to 500-700 thousand barrels per day, and Eni decline estimated in 1,2 million barrels. Before the civil war in the country were caught by 1.6 million barrels per day. In late February, also reported that most of the fields in Libya's Muammar Qadaffi no longer in control: according to the Energy Commission the EU, they passed into the hands of the revolutionaries. Libya's budget by more than half consist of income from the sale of oil on the world market. Yesterday, in the "oil capital" of Libya - the largest oil port of Ras Lanufe, located on the Mediterranean coast, were fierce battles with the use of heavy machinery.