Saturday, November 23, 2024

Libya's Oil Production Rises

Posted by August 28, 2014

Libya's oil production has risen to 665,000 barrels per day (bpd) from 650,000 bpd earlier this week, a spokesman for the state-run National Oil Corp (NOC) said on Thursday.

Oil production in Libya is now more than five times the level of two months ago, in a rare success for the economy at a time when armed groups and two parliaments fight for control of the North African country.

Libya's Waha Oil Co. has resumed a small volume of Es Sider crude oil production, a senior Libyan oil official said earlier on Thursday.

(Reporting by Feras Bosalum in Benghazi; Writing by David Sheppard in London; Editing by Mark Potter)

Related News