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    market news

    Waha Oil Production Cut By 120K Barrels Daily

    Investing News Network
    Mar. 18, 2013 04:43PM PST
    Oil and Gas Investing

    Bloomberg reported that Libyan Oil Minister Abdulbari al-Arusi said Waha Oil Co’s output was cut by 120,000 barrels per day because of a pipeline that was shut due to a strike at Gialo field.

    Bloomberg reported that Libyan Oil Minister Abdulbari al-Arusi said Waha Oil Co’s output was cut by 120,000 barrels per day because of a pipeline that was shut due to a strike at Gialo field.

    As quoted in the market news:

    The protest is continuing today at the Gialo field, which feeds crude into a pipeline that runs to the Es Sider export terminal, Abduljalil Mayuf, spokesman of Arabian Gulf Oil Co., a unit of National Oil Corp., said by phone from the eastern city of Benghazi.

    Click here to read the full Bloomberg report.

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