Libya’s National Oil Corporation (NOC) continued to ramp up its oil facilities this week following an eight-month forced closure which saw output drop by more than 1mn b/d to just 100,000 b/d.
With oil production quickly rising to around 300,000 b/d by the end of last week (MEES, 25 September), further restarts at key fields mean Libya could see 500,000 b/d sooner rather than later. Much depends on how quickly storage capacity can be freed up. But security and technical challenges are also crucial – not to mention the politics (MEES, 25 September). (CONTINUED - 687 WORDS)