Sunday 22nd October, 2017
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Libya's oil production rises to 685,000 bpd

Libya's oil production rises to 685,000 bpd

Libya was producing 685,000 barrels of oil per day (bpd) on New Year’s Day, up from around 600,000 a day last month, an official from the National Oil Corpo­ration (NOC) said.
 
Output has risen after a two-year blockade was lifted two weeks ago on major pipe­lines leading from the west­ern fields of Sharara and El Feel.
 
Production has been re­suming gradually at Shar­ara, which has a capacity of 330,000 bpd. But there has been no announcement of a restart at El Feel, which can produce 90,000 bpd but where a group of guards has been blocking operations. The NOC official declined to give details on the status of operations at the fields.
 
National output remains far below the more than 1.6 mil­lion bpd that Libya was pro­ducing before its 2011 upris­ing. The NOC says it hopes to raise production to near­ly 900,000 bpd by March, but this remains at risk from po­litical conflict.
 
Libya is one of two mem­bers of the Organization of the Petroleum Exporting Countries (OPEC) that is ex­empted from a recent deal to cut output.

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