
Wednesday, December 28, 2016
Libya’s oil production has doubled over the past three months according to reports from NOC. The North African country is now seeing flows of 622,000 bpd, double what production was in September.
The trend of increased flows is expected to gain more momentum as Libya’s Sharara and El Feel oil fields ramp up production flows.
While today’s current production levels are significantly below pre-civil war levels of 1.6 million bpd, they are a step in the right direction.