By Libya Herald staff.
Tripoli, 13 September 2014:
Libyan oil production should hit a million barrels a day by the end of September, . . .[restrict]the National Oil Corporation has predicted.
A prediction of 1 million b/d – by the end of June – was also made in April. The difference this time is that production is rising steadily as oil companies restart operations. It reached 810 000 b/d the day before yesterday, and 850,000 b/d today NOC spokesman Mohamed Al-Harari told the Libya Herald.
It is a 12 percent rise over 750,000-b/d figure announced by NOC just over a week ago.
The increase in production and expectation that it will rise by another 15 percent by the end of the month is because the year-long blockades at oil fields and terminals are now largely over. At their height, Libya was producing less than 200,000 b/d.
Neither fields nor terminals have been affected by the political turmoil in Tripoli. It has been reported that the Libya Dawn operation in the capital and the “government” of Omar Al-Hassi want to try and bring the oilfields – at least those in the west of the country – under their control and but these have been rebuffed by groups that provide security at the fields.
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