DUBAI - Libya's National Oil Corp (NOC) said the north African state's oil output fell to an average of 119,867 barrels per day as of Wednesday, according to a statement on the state-owned company's website.

The decline in output, it said, resulted in losses exceeding $2.7 billion since Jan. 18, following a blockade of ports and oilfields by groups loyal to eastern-based commander Khalifa Haftar.

NOC a week ago said oil production stood at 120,568 bpd.

(Reporting by Maher Chmaytelli; Editing by Susan Fenton) ((maher.chmaytelli@thomsonreuters.com;))