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Home Business

After lifting of force majeure, NOC increases oil production to 860,000 bpd

Aims to reach 1.2 million bpd within two weeks

bySami Zaptia
July 24, 2022
Reading Time: 2 mins read
A A
NOC announces force majeure at Zawia port

(Logo: NOC).

Libya’s state National Oil Corporation (NOC) announced yesterday that since it has lifted the state of force majeure last week, it has increased oil production from 560,000 barrels per day (bpd) to 860,000 bpd. It considers this a ‘‘relatively high volume of production’’ in such a short period of time.

It further stated that it is striving to increase production and return it to its normal rates of 1.2 million bpd within two weeks.

 

Changing the NOC board was not a political deal with external states but an internal agreement: Aldabaiba (libyaherald.com)

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Tags: NOC National Oil Corporationoil production

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