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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 Sanallah in a statement on the NOC website on 22 March. NOC is still targeting production of 1.1mn b/d by August.
The hike is down to a respite in fighting at two major export terminals on the Sirte basin coast. On 3 March, the Benghazi Defense Brigade (BDB) took control of the Es Sider and Ras Lanuf export facilities from the self-styled Libyan National Army (LNA) led by Khalifa Haftar (MEES, 17 March). (CONTINUED - 945 WORDS)
DATA INSIDE THIS ARTICLE
|chart||Libya Waha Consortium Crude Output (‘000 B/D)|
|chart||Oil Output At Libya’s 340,000 B/D-Capacity Sharara Fields Has Ramped Up Since 20 Dec Restart, But Still Has A Long Way To Go (‘000 B/D)|