Source: Libyan oil production is currently 680 thousand b / dFrom Ahmed GhaddarLONDON (Reuters) – A Libyan oil source told Reuters on Thursday that Libya’s crude production has reached 680,000 barrels per day, which is more than a third more than its level earlier this month. And the blockade since January has caused Libya’s oil production to drop to about 100,000 barrels per day from 1.2 million barrels per day. Last week, the NOC said it expected production to rise to 1 million barrels per day within a few weeks, with OPEC member Libya restarting its oil sector. The CEO of Repsol said on Thursday that production from the Libyan Sharara field, the largest in Libya, is about 160,000 barrels per day and expected to gradually rise to 300,000 barrels per day. OPEC + cut production by 7.7 million barrels per day, but it is expected to reduce the cuts by about 2 million barrels per day from January.

Source: Libya Today October 29, 2020 17:29 UTC