Libya Dreams Of 1Mn B/D End-Year Output

Libya’s National Oil Corporation (NOC) is hoping to boost crude output to 600,000 b/d within the next two weeks, up from current production of 432,000 b/d, Mustafa Sanallah, chairman at the National Oil Corporation (NOC), said on the sidelines of the National Oil Companies Congress held in London this week.

Extra output of around 200,000 b/d will include production from the Waha fields, operated by a joint venture between NOC and US firms Hess, ConocoPhillips and Marathon. The 300,000 b/d capacity Waha fields in Libya’s Sirte Basin oil heartland have been shut in since December by the closure of Es Sider port. NOC previously said that it hoped to reopen both of the Sirte Basin’s two key export outlets – Es Sider and the nearby Ras Lanuf, with a combined capacity of 700,000 b/d – by mid-April (MEES, 9 April). (CONTINUED - 1165 WORDS)

DATA INSIDE THIS ARTICLE

table Libya’S Oil Refineries (‘000 B/D)