Libya Oil Output Surges as Fields Reopen

Libya’s crude oil production has recovered to nearly 40 percent of its pre-war capacity with exports set to rise as major western fields ramped up output after protesters agreed to reopen them.

Output has risen to 620,000 barrels per day (bpd), compared with its pre-war capacity of 1.6 million bpd, two state National Oil Corp (NOC) officials said on Wednesday.

Libyan Prime minister Ali Zeidan said on Tuesday that the worst disruption to its main industry was costing around $130 million …

Powered by WPeMatico

This entry was posted in Business. Bookmark the permalink.

Comments are closed.