The Libyan government wants to boost the country's oil production to 1.4 million barrels daily, the Cabinet said on Facebook, as cited by Reuters today. Currently, Libya is producing some 1.2 million barrels daily, and this is a significant increase from just a couple of years ago, when political clashes and social unrest led to port and field blockades that pushed Libya's oil output below 1 million barrels daily. In fact, Libya is one of the cartel members exempted from any production control agreements. This week, Buccino said that Libya could be pumping as much as 2 million barrels of crude daily in a year and a half or two years under favorable conditions and with the help of adequate investments. Earlier this week, reports emerged that the Libyan National Army—a paramilitary faction affiliated with the eastern Libyan government—had been urged to begin shutting down crude oil exports as a way of pressuring the Government of National Accord.

Source: Libya Today April 14, 2022 14:30 UTC