Libya targets oil output of 2.1 million bpd from 953,000 bpd currently - NOC

Record ID: 1370587

  • Title: Libya targets oil output of 2.1 million bpd from 953,000 bpd currently - NOC
  • Date: 7th January 2019
  • Summary: ZUEITINA, LIBYA (FILE - JANUARY 2013) (REUTERS) VARIOUS EXTERIORS OF OIL TERMINAL ADMINISTRATION BUILDING VARIOUS OF OIL TERMINAL LOGO ON EXTERIOR OF BUILDING VARIOUS OF OIL TANKS INSIDE TERMINAL AL-SEDR PORT, NEAR RAS LANUF, LIBYA (FILE - JANUARY 2, 2012) (REUTERS) VEHICLES DRIVING THROUGH AL-SEDR OIL PORT IN EAST OF LIBYA FLOATING OIL TERMINAL LIBYAN FLAG ITALIAN OIL SHIP TANKER ON THE SEA NEAR AL-SEDR PORT
  • Embargoed: 21st January 2019 14:57
  • Keywords: Libya Oil Oil production in Libya Libyan National Oil Corporation Oil output in Libya Unrest in Libya Libya security
  • Location: BENGHAZI, ZUEITINA, AND AL-SEDR PORT, LIBYA
  • City: BENGHAZI, ZUEITINA, AND AL-SEDR PORT, LIBYA
  • Country: Libya
  • Topics: Government/Politics
  • Reuters ID: LVA0029W55X79
  • Aspect Ratio: 16:9
  • Story Text: Libya aims to increase its oil production to 2.1 million barrels per day (bpd) from 953,000 bpd currently, the chairman of the state oil company NOC said on Sunday (January 6) in Benghazi.
    Reaching that target hinges on improving security conditions in the country, Mustafa Sanalla said at a news conference.
    "All we need is some stability," he said, adding that foreign companies will return to Libya once security conditions are improved.
    He reiterated his calls for ensuring the security of workers to allow for the resumption of production at the 315,000 bpd Sharara oil field which was taken over on December 8 by tribesmen, armed protesters and state guards demanding salary payments and development funds.
    "Our production before the events of the Sharara field was 1,300,000 barrels, we had reached 1,300,000 barrels. The average production figure for 2018 is 1,107,000 barrels," Sanalla said.
    Libyan authorities issued arrest warrants for 37 suspects over attacks on key oil ports in the east of the country and a military base in the south, a source in the attorney general's office said on Friday (January 4).
    Tripoli and western Libya are run by a U.N.-backed government mainly supported by armed groups, while Eastern Libya is controlled by a rival administration. The country has been riven since Muammar Gaddafi was toppled in 2011.
    Libya's east-west division, in place since disputed elections and an escalation of fighting in 2014, has split key institutions and produced a deadlock between the rump parliaments and the shifting military factions they are aligned with.
  • Copyright Holder: FILE REUTERS (CAN SELL)
  • Copyright Notice: (c) Copyright Thomson Reuters 2019. Open For Restrictions - http://about.reuters.com/fulllegal.asp
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