Libyan crude oil production has risen to 860,000 bpd, the country’s National Oil Corporation has said, which is up from 560,000 bpd earlier this month amid continuing disruptions. The latest slump in oil production in one of Africa’s biggest producers came amid the latest flare-up between political factions that involved blockades of export terminals and oil fields, forcing the shutdown of a lot of production capacity. The long-term chairman of the National Oil Corporation, Mustafa Sanalla, was replaced earlier this month with Farhat Bengdra, which prompted a negative response from the eastern-affiliated Libyan National Army led by Haftar. Related: The Middle East Oil Bonanza Will Slow In 2023The National Oil Corporation has said it plans to see oil output rates recover to 1.2 million bpd in less than a month. Before the latest flare-up of violence, Libya was producing more than 1 million bpd of crude oil and had plans to expand this considerably.

Source: Libya Today July 26, 2022 00:12 UTC