July 21, 2022 07:27 GMT
Libya’s oil and gas minister in the Government of National Unity expects the country’s oil production to return to normal levels of 1.2mn bpd in a week to ten days.
- "Production has reached today around 600,000 b/d. Production, maybe, I expect in a week to 10 days to return to normal levels ... of around 1.2 million b/d," Mohamed Oun said in an interview with Al Ahrar TV. "Three tankers are expected to begin exporting more than 2 million barrels."
- Libya’s NOC forcibly underwent new management last week and swiftly announced July 15 the lifting of force majeure on all oil terminals and fields.
- 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.