‘Democratic’ Bumps Fail To Prevent Libyan Gains

Libya has ‘practically achieved’ 2012 output targets set in the immediate post revolution period, says NOC Chairman Nouri Berruien. But ‘democracy’ has meant there have been some bumps on the way.

Speaking at the North Africa Oil and Gas Summit in Vienna on 7 November, Dr Berruien said that with current crude oil production of around 1.6mn b/d within the range of typical pre-conflict output, Libya had “practically achieved” the highly ambitious production forecasts set back in September 2011. Libya’s refineries and petrochemicals plants are operating at “more than 350,000 b/d” or 90% of their capacity, he added.

He acknowledged that production has sometimes varied sharply in recent months but added that these “problems and hiccups” are “normal.” “Welcome to democracy and freedom of expression. We’ve had a few strikes and we expect some more strikes but I see this as a healthy sign.” (CONTINUED - 598 WORDS)