Libya Shuts Oil Terminals As Storm Daniel Hits

Libya’s National Oil Corporation declared a state of emergency for its four oil ports amid a Mediterranean storm that swept through Greece last week and is now heading to northern Africa. The storm update comes as Libya’s oil production reached 1.207 million barrels daily, per the National Oil Corporation. NOC published the update on Facebook, also reporting that in August, total oil production stood at 36.5 million barrels. ADVERTISEMENTMeanwhile, Libya is planning to have its first oil and gas tender in 17 years to further boost its hydrocarbon production. The tender will be held in 2024 and should help Libya move closer to its target of 2 million bpd in daily oil output by 2026.