Libya Grew Oil Output to 580,000b/d

Libya Grew Oil Output to 580,000b/d

Libya’s Prime Minister, Fayez Al-Serraj, said that Libya’s oil production has reach 580,000 to 600,000b/d, with the aim of reaching 950,000b/d by the end of the year. While officials are negotiating with western municipalities to yield an additional 380,000b/d output, according to Reuters.

This comes as the country’s oil exports have reached more than 520,000b/d since he National Oil Cooperation (NOC) is back to full swing managing the day-to-day oil production, according to Tripoli Post. Furthermore, 800,000b of oil were loaded on a tanker at Zueitina oil terminal heading to China, marking a beginning of Libya’s return to the oil international oil market.

Libya’s production has been battered by port shutdowns, strikes and protests closing pipelines since 2011. Output has increased recently since the reopening of major oil export terminals. However, Al-Serraj held prolonged talks with the UN delegate to Tripoli, Martin Kobler, to discuss ways for Libya to recover. Moreover, NOC’s Chairman, Mustafa Sanalla, visited the oil terminals of Es Sider and Ras Lanuf in early October. He reviewed the ongoing maintenance works in these facilities which will restart loading crude oil on tankers as soon as possible.


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