Libya's crude output rises to 300,000 bpd
LONDON, May 23, 2016
Libya's crude production has risen above 300,000 barrels per day (bpd) after the reopening of the Marsa al Hariga export terminal in the east of the country late last week, a spokesman for the Tripoli-based National Oil Corporation (NOC) said on Monday.
The spokesman added that production could soon reach 350,000-360,000 bpd, depending on the situation at the Sarir oil field and the availability of electricity.
Oil production from Opec member Libya sank to around 200,000 bpd this month after a political dispute between eastern and western factions blocked loadings at Hariga for more than three weeks.
Exports resumed on 19 May after the country's two National Oil Corporations reached an initial agreement to unite. --Reuters
