Libya’s oil production was cut roughly in half when a blockade of major fields and ports began at the end of August. According to subsequent statements from its National Oil Corporation (NOC), the move is now on to significantly boost its crude production. The aim of this is precisely to orchestrate a rise in Libya’s production capacity to 2 million bpd in the next three to five years. ENI still 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. It had also agreed to make the development of the Waha-concession North Gialo and NC-98 oil fields a priority, according to the NOC.

Source: Libya Today October 21, 2024 15:02 UTC