Libya’s crude oil production has reached 800,000 bpd, Reuters has reported, citing sources in the know.
“This is a 100,000-bpd increase in just a few days,” the report added.
Libya started ramping up oil production in late September when warlord Khalifa Haftar agreed to a ceasefire with the Government of National Accord and lifted its blockade from oil facilities.
During the more than eight months of the blockade, Libya’s oil output slumped from over 1 million bpd to less than 100,000 bpd.
Since the lifting of the blockade, however, the National Oil Corporation has been restoring production in leaps and bounds.
Within a month, production rebounded to 500,000 bpd, with the largest field in Libya, Sharara, restarting in October.
Now, NOC seems to be on track to reach its stated target of 1 million bpd before the end of the year.
