Arab Today, arab today libya sees oil output up to 15m barrels per day
Last Updated : GMT 08:54:10
Arab Today, arab today
Arab Today, arab today

Despite ongoing chaos in the country

Libya sees oil output up to 1.5m barrels per day

Arab Today, arab today

Arab Today, arab today Libya sees oil output up to 1.5m barrels per day

Libyan oil tanker 'Anwar Libya', carrying more than 9m litres of petrol
Tripoli - Arab Today

Libya said Wednesday it expects oil production to reach 1.5 million barrels per day by year-end, with output quadrupled since the beginning of the summer despite ongoing chaos in the country.
"We will continue advancing," National Oil Co spokesman Mohamed al-Hrari said.
Production had reached 810,000 bpd by Wednesday, compared with 550,000 at the end of August and 200,000 at the beginning of the summer, he said.
The next target is one million bpd by the end of September.
Prime Minister Abdullah al-Thani, speaking in Abu Dhabi, confirmed the trend, saying the one million barrel figure would be reached in October, without giving a precise date.
Libya's economy took a heavy hit after rebels blockaded export terminals in July 2013, forcing a reduction in output and slashing all-important oil revenues.
The seizure of four terminals in pursuit of a campaign for restored autonomy for the eastern Cyrenaica region slashed output from 1.5 million bpd to just 200,000.
Under a deal with the government, the rebels returned control of two terminals in April and the remaining two in July.
Since then, output and exports have soared, despite unrest rocking a country that never regained stability following the 2011 ouster of long-time dictator Moamer Kadhafi.
The internationally recognised government, now operating from the eastern city of Tobruk, has lost control of the capital Tripoli and second city Benghazi to militias. Among the latter are Islamists who reject the outcome of elections they lost in June and who have formed a rival government.
Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today libya sees oil output up to 15m barrels per day Arab Today, arab today libya sees oil output up to 15m barrels per day

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today libya sees oil output up to 15m barrels per day Arab Today, arab today libya sees oil output up to 15m barrels per day

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday