Oil cartel OPEC saw production rise in December, as Libya's energy sector sprang back to life following a ceasefire deal in the war-torn country. Libya is exempt from OPEC's production quotas, so the cartel needs to keep an eye on its output. "It's a miracle that the oil sector continues to function despite the dilapidation and damage of infrastructure due to war, negligence or sabotage," he said. -Perrin said there was scope for further improvement to Libya's oil production, "but not immediately". It is "a sword of Damocles that hangs over Libya's oil production".

Source: Libya Today January 24, 2021 03:56 UTC