Libya’s Sirte Oil Company boosts production to 61.000 bpd
Oil production at Sirte Oil Co, a subsidiary of Libya’s state-owned National Oil Corp (NOC), now stands at 61,000 barrels per day (bpd), a senior official said on Saturday.
Mohamed Aoud told Reuters that Sirte hoped to raise production to 90,000 bpd but the company lacked some equipment needed to boost output.
Production had previously been at 44,000 bpd Aoud said, without saying when it had risen to current levels.
Libya’s national production rose to above 1 million bpd last year after long-term blockades of ports and pipelines ended, but it has been held back from rising further partly because of budget constraints.
How to submit an Op-Ed: Libyan Express accepts opinion articles on a wide range of topics. Submissions may be sent to firstname.lastname@example.org. Please include ‘Op-Ed’ in the subject line.
- Libyan FM, UN official discuss ‘Libya Stability Initiative’ - October 20, 2021
- L’Humanité accused Morocco of using “Pegasus” to monitor individuals and governments - October 20, 2021
- Indian woman gives birth at age of 70, may be oldest to ever give birth - October 20, 2021