Oil production in Libya has hit 1.2 million barrels per day, the level the country was producing prior to its declaration of force majeure in April, according to the new leadership of the National Oil Company (NOC). Production was said to have reached 1.13 million bpd by July 27. It remains unclear whether the 1.2 million barrels per day Libya is allegedly producing now is referring to only crude oil or crude oil plus condensate. Saleh says the legitimate government of Libya is led by Bashagha, who has so far failed to install himself in Tripoli. The situation has led to challenges in obtaining information, including with respect to oil production figures, with rival governments issuing contradictory statements.

Source: Libya Today August 01, 2022 23:02 UTC