Libya's NOC concerned over alarming oil production loss due to conflict

Libya's National Oil Corporation (NOC) chief said on Saturday continued instability in Libya could make it lose 95% of its oil production. "Unfortunately if the situation will continue like this I'm afraid that maybe 95% of production will be lost," Mustafa Sanalla told reporters in Jeddah ahead of a ministerial panel gathering on Sunday of top OPEC and non-OPEC producers.

Sanalla said an attack had happened near Zella oilfield earlier on Saturday.