Libya Sees Slow Recovery in Crude Oil Exports

Libya’s crude oil exports are projected to fall by at least 300,000 barrels per day (bpd) in September, despite a modest recovery in production. Analysts at FGE have reported that Libya’s crude production has risen by around 200,000 bpd since the beginning of the month, now standing between 650,000 and 700,000 bpd. However, exports from western Libya are expected to remain minimal due to force majeure at the country’s two major oil fields: El Sharara, which produces 270,000 bpd, and the 70,000 bpd El Feel field. FGE sees total…