Libya oil production at 680,000 barrels per day
Fri, 2020-10-30 02:26
LONDON: Libyan oil production has reached 680,000 barrels per day (bpd), a Libyan oil source said on Thursday, more than a third higher than earlier this month, as the OPEC member seeks to revive its oil industry.
Libya’s National Oil Corp. (NOC) on Monday ended force majeure on the last facilities closed by an eight-month blockade of oil exports by eastern forces.
The blockade in January cut Libyan oil production to around 100,000 bpd from 1.2 million bpd.
The current output level marks a jump from around 500,000 bpd earlier this month.
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