Oil Production over 400k bpd

The Chairman of the National Oil Corporation (NOC), Mustafa Sanallah, has said Libya is currently producing around 436,000 barrels of oil per day.

According to a report from Reuters, he added that he hopes to increase that by 200,000 bpd over the coming two months, by repairing damaged fields and keeping an open dialogue with those who have blocked pipelines and oil fields.

Prior to the revolution in 2011, Libya was producing around 1.6 million bpd. Sanallah said Libya could reach output of 1.7 million bpd if the security situation stabilized.

(Source: Reuters)

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