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Home Business

Libya’s oil production reaches 1.025 million barrels per day – to rise to 1.2 million within 10 days

bySami Zaptia
July 26, 2022
Reading Time: 1 min read
A A
NOC announces force majeure at Zawia port

(Logo: NOC).

Newly appointed National Oil Corporation (NOC) chairman Farhat Bengdara said Libya’s oil production had risen to 1.025 million barrels per day (bpd), the official state Libyan news agency, LANA, reported today.

It said Bengdara anticipated production will rise to 1.2 million bpd within 10 days.

Last week the NOC had confirmed that oil production had risen to 870,000 bpd after the lifting of force majeure and resumption of Libya’s oil production.

Force majeure had been lifted only 24 hours after the NOC board and its former chairman Mustafa Sanalla had been replaced by caretaker prime minister Abd Alhamid Aldabaiba in what was widely seen as a political deal with eastern military commander Khalifa Hafter.

Aldabaiba insists there was no political deal.

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Tags: Farhat Bengdara NOC chairman July 2022force majeureNOC chairman Mustafa SanallaNOC National Oil Corporationoil production

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