January 25, 2020 / 12:15 PM / 2 months ago

Blockade slashes Libya's oil output to 320,000 bpd - NOC

CAIRO, Jan 25 (Reuters) - Libya’s National Oil Corporation (NOC) said on Saturday that oil production had dropped to 320,154 barrels per day (bpd) by Jan. 23, from 1.2 million bpd before a week-long blockade that has shut down ports and fields in eastern and southern Libya.

Financial losses caused by the blockade stood at $256.6 million as of Jan. 23, the NOC said in a statement. (Reporting by Ahmed Tolba; Writing by Aidan Lewis; Editing by Mark Potter)

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