Libyan rebel fighters fire rockets from the desert east of Brega.

Libya's oil output falls to 250 000 to 300 000 barrels per day

Libya’s oil output has fallen to 250,000 to 300,000 barrels per day from about 1.6 million, the country’s oil corporation says.

National Oil Corporation chairman Shokri Ghanem said there was some production in Libya, around 250,000 to 300,000 barrels per day, which was being used domestically.

Ghanem called the reported sale of Libyan oil by rebels fighting forces loyal to leader Muammar Gaddafi “very sad” and said it would only contribute to divisive tensions in the country. “It does not help by disintegrating and dividing the country. We always wanted one country, one oil company.”

He also expressed concern about the potentially wider implications of an air strike on the Sarir oilfield, which the Libyans have blamed on British warplanes.

“I have heard the news that the Sarir oilfield was bombed. This is very bad… it is near the Man-made River which supplies Libya with 70 per cent of its water,” Ghanem said.

Libya is a member of OPEC, Africa’s third-largest producer and holder of the continent’s largest crude reserves.

Prior to the current conflict, it supplied about two per cent of the world’s oil, selling most of it to Europe.

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