Libya’s oil production has rebounded to 700,000 b/d from about 600,000 b/d earlier in March, according to the chairman of Libya’s state oil company, National Oil Corporation (NOC). The increase is largely due to the resumption of production from fields in the Sirte basin in eastern Libya.
“Our production today is 700,000 b/d and we are working hard in order to reach 800,000 b/d before the end of April,” said Mr Sanalla in a statement on the NOC website on 22 March. NOC is still targeting production of 1.1mn b/d by August. (CONTINUED - 945 WORDS)