Libyan Production Again on the Upswing

Libyan Production Again on the Upswing

Libya’s crude production has risen to 950,000 barrels a day (b/d), Bloomberg reports.

Output from the country’s largest oilfield, Sharara, is now at 230,000 b/d, a source told the news agency.

Production took a hit in August due to security issues. Militant groups seized key pipelines, disrupting production from the Sharara, El Feel, Hamada, and Wafa fields. Since that time, the fields have resumed operations.

The closures reduced Libya’s crude production to approximately 660,000 b/d, according to Bloomberg, down from just over 1 million b/d in July.

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