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Libya Targeting 1.2mn b/d Production in Two Weeks: NOC

OIL

Libya's crude oil production has reached 860,000 b/d with a target of 1.2 million b/d in two weeks, National Oil Corp said via its social media platform over the weekend.

  • “The NOC is striving to increase production and bring it back to its normal rates of 1.2 million b/d in two weeks," the post said.
  • Libyan production has jumped since serving chairman Mustafa Sanalla was replaced by ex-central bank governor Farhat Bengdara July 15.
  • Prior to Sanalla's push from power, NOC said June 30 Libyan crude exports had ranged from 365,000 b/d to 409,000 b/d, a decrease of as much as 865,000 b/d from normal rates.
Energy BulletsCommodities
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