Libya’s oil output has hit 600,000 b/d, up from a low of 150,000 b/d early this month. But restoring output to anything like the levels of 1.5mn b/d typically seen over the year to April, will be a long slog. Output at Libya’s Western fields has continued to rebound but Tripoli appears to be making little headway in resolving the shut-ins plaguing the east of the country – including the Sirte Basin production heartland.
Government and international oil company sources confirmed this week that both production and exports are on the rise, after grinding almost to a complete standstill in August. (CONTINUED - 744 WORDS)