Libyan oil production up to 1.025 million bpd

Libyan oil production up to 1.025 million bpd

July 26, 2022 - 20:48
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Libya announced, on Tuesday, that its crude oil production increased to 1.025 million barrels per day, following a three-month decline, due to a wave of closures of oil fields and ports.

This came in two separate statements made by the new Chairman of the National Oil Corporation, Farhat Ben Qadara, and the Minister of Oil and Gas, Mohamed Aoun.

Ben Qadara and Aoun said that oil production in Libya exceeded one million barrels to top 1.025 million barrels per day, compared to an average of 870,000 bpd, a week ago.

Aoun expected "Oil production to rise to 1.2 million barrels within 10 days," at a time when the average daily production, earlier in the first quarter of 2022, was about 1.3 million bpd.

The Libyan NOC announced last Thursday the resumption of crude oil exports from a number of oil fields and ports, after three-month closure.