Unrest In Libya Remains Major Obstacle To Higher Oil Production - News Summed Up

Unrest In Libya Remains Major Obstacle To Higher Oil Production


So too might his comment that the NOC is also planning major bidding rounds for oil exploration blocks this year. Production had also been on a rising production trend at that point, up from about 1.4 million bpd in 2000. These closures removed a combined 370,000 bpd of oil out of Libya’s production. Eni currently produces gas in Libya from its Wafa and Bahr Essalam fields operated by Mellitah Oil & Gas, a joint venture between the Italian company and the NOC. “We are [also] in talks with TotalEnergies to invest more in Libya and increase production, and other companies of course,” he highlighted.


Source: Libya Today January 08, 2024 16:03 UTC



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