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Libya's oil production reaches 685,000 bpd - NOC

Monday, 02 January 2017 14:39

(Ecofin Agency) - Libya’s oil production during the weekend reached 685,000 barrels of oil per day (bpd) up from around 600,000 a day last month, an official from the National Oil Corporation (NOC) revealed.

The country’s output increased following the lifting of the two-year blockade on key pipelines leading from the western fields of Sharara and El Feel.

The NOC official said output has been rising steadily from the Sharara field, which has a capacity of 330,000 bpd but did not provide any details concerning operations at El Feel, which has the capacity to produce 90,000 bpd.

General output is still lower than the over 1.6 million bpd that the North African country was producing before the 2011 uprising. The oil corporation has said it hopes to boost production to nearly 900,000 bpd by March, 2017, Reuters reports.

Anita Fatunji

 
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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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