In November, Libya’s crude oil production averaged 1.133 million bpd, the latest OPEC monthly report for December showed last month. ADVERTISEMENTThis year, Libyan oil production could reach 1.3 million bpd, after averaging 1.12 million bpd in 2022, according to the African Energy Chamber. ADVERTISEMENTLibya’s oil production recovered after the country resumed oil exports in July. The force majeure severely crippled Libya’s oil exports following weeks of protests and closures amid the new rift in Libya’s political class over who should be governing the country. A stable Libya and fresh projects could see that output grow to 7.25 million bpd by 2030, according to the African Energy Chamber.

Source: Libya Today January 05, 2023 00:38 UTC