Thursday, June 30, 2011

Libya's new energy minister: Output at 20K barrels

TRIPOLI, Libya — Libya's newly appointed energy minister says the country is now producing just 20,000 barrels of oil per day, a fraction of prewar output.

Omran Bukra told reporters Wednesday that the OPEC member nation still has millions of barrels of crude oil in storage, however. He didn't say exactly how much.

Libya was producing about 1.7 million barrels of crude daily before an uprising began in February pitting rebels in the east against government troops loyal to leader Moammar Gadhafi.

Government spokesman Moussa Ibrahim says Bukra was appointed energy minister earlier this week. His predecessor, Shukri Ghanem, said early this month that he had defected and now supports the rebels.

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