NSG Minister of Oil: Libya oil production declines to360,000 barrels Tripoli, 26.

01.2014 (Lana) NSG Minister of Oil, Mashalla Zawi announced Monday that Libya's oil production declined to 360,000 barrels per day, which in turn to lead to declined revenues. In a statement to Reuters, Zawi said oil revenues to decline to 10 to 12 billion dollars after declining to 15 billion dollars in 2014. "Public revenues from crude oil decreased to 15 billion dollars in 2014, and expected the following year to be between 10 and 12 billion dollars" he added. He regretted shutting 16 and 18 valves at Rayayna region due to developments in the area leading to reduced production by 350,000 barrels. Clashes close to the oil crescent caused reduced production to the rate of 350,000 barrels, Zawi explained. Zawi underscored that the Government of National Salvation is working to distance National Oil Corporation from the conflict and to maintain neutrality by safeguarding the existing payment system through the Tripoli based Central Bank. The Minister added that Anwar Africa oil tanker carrying 24,000 tons of fuel enroute from Greece to Misrata port was intercepted in the territorial waters by Hafter forces threatening to attack it unless navigates to Tobrouk. =Lana=