Libyan oil production has slipped below 100,000 barrels per day, the National Oil Corp. (NOC) has said, amid warnings of fuel shortages. Output from the North African country has fallen to 97,508 bpd as of March 11, NOC said. The cost of the embargo, which began on January 18, preventing exports has reached $3.09 billion, it continued. Production has dropped from 114,331 bpd as of March 8, the company said. Before the embargo imposed by the Libyan National Army (LNA), output in Libya was 1.22 million bpd. NOC said it was concerned about a likely fuel shortage as a result of reduced local production, the closing of the Zawiya refinery and a lack of government funding to import fuel. “All this is a result of the illegal blockade of oil facilities,” NOC said, calling for those responsible for the blockade to immediately lift it. Supplies to the country’s east […]