Head of Libyan National Oil: Instability may cause 95% loss of production

Economy and stock exchange

Mustafa Sannallah, head of the Libyan National Oil Corporation, said on Saturday that continued instability in the country could lead to 95% loss of production.

"Unfortunately, if the situation continues this way, I'm afraid we could lose 95 percent of production," he said, adding that an attack near the oil-slip field today Saturday.