Libya’s state National Oil Corporation (NOC) announced today that the country has reached new production levels – the highest in ten years. Crude oil and condensate production reached 1,374,118 barrels per day (bpd) and 202,983 barrels equivalent of gas, bringing the total to 1,577,101 barrels.‎The NOC had reported on 5 November a new record production figure of 1,364,438 barrels per day (bpd) of crude oil and 208,000 barrels of gas equivalent.‎This equates to an increase in crude oil and condensate production of 37,701 barrels per day, in addition to 24,461 barrels of gas equivalent per day.‎The NOC credited the Tripoli based Libyan government for its (financial) support, the oil sector workers, and the safe operating environment provided by the Libyan Army throughout the country in the east, west and south.‎NOC’s increased production announcements – approaching 1.5 million barrels per day

Source: Libya Today November 13, 2024 22:48 UTC