Libya’s crude oil output has increased to more than 1 MMbbl/d from 850,000 bbl/d a few days ago, the National Oil Corp. (NOC) said Nov. 7.
Oil workers managed to increase the output despite “very difficult circumstances, particularly the current financial circumstances, that the sector is going through,” NOC said in a statement.
The North African country is still restarting oil fields after the lifting of an eight-month blockade by eastern forces and production is fluctuating, the source said on condition of anonymity.
The blockade had reduced the OPEC member’s oil production to about 100,000 bbl/d from 1.2 MMbbl/d.
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