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Page added on January 21, 2012
Libya oil output back to pre-war levels
Italian group Eni’s oil output in Libya is almost back to its pre-conflict levels at 260,000 barrels per day, Chief Executive Paolo Scaroni said on Saturday.
“Output has now gone back to its pre-war levels. It was 270,000 bpd (before the war), now it’s 260,000 bpd,” Scaroni told journalists in Tripoli.
Scaroni also said Eni was ready to sell all of its controlling stake in listed gas grid subsidiary Snam Rete Gas but was waiting to see measures taken by the Italian government to deregulate the sector.
“The important thing is that we manage to sell in the interest of shareholders,” he said.
Italy’s cabinet announced late on Friday the separation of the ownership of Snam from Eni.
2 Comments on "Libya oil output back to pre-war levels"
BillT on Sat, 21st Jan 2012 1:51 pm
270,000 barrels per day…less than 3% of the US imports per day. A smell that was not even missed in the 88,000,000 barrels used by the world everyday.
JimmyB on Sun, 22nd Jan 2012 4:02 am
This is a little misleading.
270,000 barrels represents just Eni’s output.
The country’s prewar level was about 1.7 million bopd.