Desperate to restart output and exports, Libya’s National Oil Corporation (NOC) saw a chance and grabbed it. A controversial 18 September ‘deal’ between one (rogue) member of the Tripoli government and eastern-based General Khalifa Haftar has led NOC to restart a number of key fields and ports.
NOC on 21 September said production would reach 260,000 b/d over the coming week up from around 100,000 b/d. But a Libyan oil industry source tells MEES that NOC has already reached about 300,000 b/d. “We were also surprised at the speed of the ramp up,” the source says. (CONTINUED - 1313 WORDS)