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Oil production continues to rise as more oil fields restart operations, but fighting amongst rival militias threaten to cut the revival short.
Crude liftings from long-closed ports in eastern Libya have picked up pace, allowing fields in the country’s Sirte Basin oil production heartland to resume production after lying idle for the past 12 months.
Output exceeded 650,000 b/d on 28 August, according to Anwar Aghil, head of production at state-owned National Oil Corporation (NOC). This is an increase on the 600,000 b/d pumped last week, and a dramatic improvement on the just 150,000 b/d produced earlier this year, during the height of an oil sector crisis caused by militias and tribes occupying oil facilities across the country. (CONTINUED - 1214 WORDS)