The biggest disruptions to Libyan oil output since the end of the civil war in 2011 have underlined European oil firms’ need to diversify upstream operations. Second-quarter production disrup-tions caused by security problems cut Spanish firm Repsol’s global output to 338,000 b/d of oil equivalent(boe/d), down by 6pc from the same period in 2013.Excluding Libya,its production would have grown by 5pc,driven by expanding output in the Americas.
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