Libya says oil production aimed at reaching 2010 levels
Libya’s oil production is progressing with expectations that it could hit 2010 levels, according to recent newswire reports in Kuwait.
Libya is producing about 1.2 million barrels per day of oil, oil minister Mohamed Oun told reporters on the sidelines of an OAPEC meeting on December 12th.
“We hope to return to 2010 levels, which was 1.6 million bpd, within two or three years,” he added.
He added that he hoped that Libya’s decision to lift force majeure on oil and gas exploration, which was announced last week, would encourage foreign oil companies to return to the country.
Agencies
