December 29, 2008 / 12:08 PM / 10 years ago

Libya tells firms to cut output in line with OPEC

LONDON, Dec 29 (Reuters) - Libya has told oil companies to cut output by 270,000 barrels per day from Jan. 1, more than the reduction it needs to make under this month’s OPEC deal to pump less, top oil official Shokri Ghanem said on Monday.

“Today we issued instructions to the oil companies working in Libya to cut production by 270,000 barrels per day from Jan. 1 in compliance with OPEC’s resolution,” Ghanem told Reuters by telephone.

Reporting by Alex Lawler; editing by Christopher Johnson

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