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HomeEconomyLibya's oil production hits over 1 million bpd, Reuters reports

Libya’s oil production hits over 1 million bpd, Reuters reports

Libya is producing around 1.05 million barrels of oil per day (bpd) with much of it being exported abroad, primarily to Europe, Reuters reported on Friday, citing a source in Libya’s oil industry.  Libya’s oil output has been subject to fluctuations, as the local industry has underdeveloped upstream infrastructure. “There are still threats to workers …

 

Libya’s oil output has been subject to fluctuations, as the local industry has underdeveloped upstream infrastructure.

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“There are still threats to workers at the field, that’s why they can’t return,” one of the sources said without specifying the source of the threat.

The second source told Reuters that the presence of militias in the vicinity of the field was the cause behind the delay in reopening it.

 

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