By John Lee.
The head of Libya’s National Oil Corporation (NOC) has said that the increases in Libyan oil production over the summer have “created a media storm.”
Asked about Libya’s fourfold rise in production since last year, and whether it has undermined efforts to shrink a worldwide oil glut, Mustafa Sanalla told the Financial Times, “[OPEC delegates] understand our situation and all challenges we are having.”
He added that the country’s 1.25-million bpd production target for 2017 is “very uncertain”.
(Source: Financial Times)