NOC: Libya won’t be “that affected” by world oil prices fluctuations
The spokesperson of the National Oil Corporation, Mohammed Al-Hrari said Libya won’t go under a bad impact of either the increase or decrease of world oil prices confirming that Libya’s production does not exceed 350 barrels a day with only 250 barrels exported daily.
On Friday, the world oil market saw a bit of uncertainty about oil prices as Brent shrank to 35.12 and West Texas to 33.03, knowing that a day before that both of them witnessed a soaring of more than 3%.
Meanwhile, Libya is still suffering from a very low oil production due to security issues and conflicts alongside the oil crescent region.
How to submit an Op-Ed: Libyan Express accepts opinion articles on a wide range of topics. Submissions may be sent to email@example.com. Please include ‘Op-Ed’ in the subject line.
- Ambassador Norland praises Libyan Audit Bureau’s role in anti-corruption drive - October 01, 2022
- Al-Bayda oilfield is on track to increase production by the end of October - October 01, 2022
- Al-Koni insisted on continuing the work of unification of the military institution - September 30, 2022