Libya’s oil production rises to 800,000 barrels per day

Libya’s oil production rises to 800,000 barrels per day
Libya’s oil production rises to 800,000 barrels per day

A Libyan oil source told “Reuters” today that Libya’s oil production is currently about 800 thousand barrels per day, which is about 100 thousand barrels higher than it was a few days ago.

This comes in the wake of the announcement of the National Oil Corporation in Libya, lifting the status of force majeure from the last facilities that were closed after the restoration of security in them.

Last week, the NOC said it expected production to rise to 1 million barrels per day within a few weeks, with OPEC member Libya restarting its oil sector.

This comes against the backdrop of recent tangible progress in resolving the Libyan conflict, as the “National Army” controlling the east of the country under the leadership of Khalifa Haftar reached an agreement last month regarding the resumption of oil production and export in Libya, in negotiations with the participation of the Vice President of the Presidency Council of the Government of National Accord. National produced by the Skhirat Agreement, Ahmed Maitiq.

Source: Agencies

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