Oil Production back above 400,000 bpd

Libya's National Oil Corporation (NOC) has announced that oil production is now above 400,000 barrels per day.

Although well below the 1.6 million bpd levels of before the 2011 revolution, this figure is up on the recent levels when fighting between rival armed groups closed two key ports, according to a Reuters report.

In January, the Tripoli government said production had dropped to 363,000 barrels a day with exports at about 200,000 bpd.

(Source: Reuters)

(Oil image via Shutterstock)

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