Libya’s Oil Output Rises to 295,000 bbl/d
Libya, Africa’s largest oil-producing nation, has ramped up oil production to 295,000 barrels of oil per day (bbl/d) following the lifting of the blockade.
Libya, Africa’s largest oil-producing nation, has ramped up oil production to 295,000 barrels of oil per day (bbl/d) following the lifting of the blockade.
Libya’s National Oil Corporation (NOC) has decided to halt production at the Faregh oil field at Zueitina for scheduled maintenance from October 7 to October 14.
Libya has declared a force majeure on significant ammounts of its supply, pushing oil prices to highs not seen since 2014.
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