TRIPOLI, Nov. 13 (Xinhua) -- The state-owned National Oil Corporation (NOC) of Libya on Wednesday announced that the daily production of oil, gas and condensates is 1,577,101 barrels. "The total readings recorded today, Wednesday, for crude oil and condensate production rates reached 1,374,118 barrels, and for gas 202,983 barrels equivalent, bringing the total to 1,577,101 barrels," NOC said in a statement. "This production level of the Libyan oil and gas sector has not been recorded for more than ten years. Prime Minister Abdul-Hamed Dbeibah praised the production increase, confirming plans to increase daily oil and gas production to 2 million barrels by the end of next year. Libya's oil industry, the backbone of its economy, has frequently been caught in the crossfire of political disputes since the fall of former leader Muammar Gaddafi in 2011.

Source: Libya Today November 13, 2024 20:20 UTC