admin1,4 million barrels a day to under 300 000, the head of French oil giant Total said.
“Oil production in Libya must have fallen to between 200 000 and 300 000 barrels a day maximum,” the chief executive of Total, Christophe de Margerie, told reporters in Paris.
“There are about 1,4 million barrels a day less” than normal, since the start of an uprising against Libyan ruler Muamar Gaddafi on February 15 which has led to heavy fighting between his forces and rebels.
Margerie’s was the most severe estimate yet of the impact of the fighting on oil production. The International Energy Agency (IEA) said it had shot “well below” the official Libyan estimate of 500 thousand barrels per day. – AFP.
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