Africa Oil & Gas: Libya’s oil production above 800,000 bpd

A general view of the El Sharara oilfield, Libya
A general view of the El Sharara oilfield, Libya December 3, 2014. REUTERS

Libya’s oil production is running at above 800,000 barrels per day (bpd) for the first time since 2014, the National Oil Corporation (NOC) said on Wednesday, but a commercial dispute with German oil firm Wintershall has shut in a further 160,000 bpd.

Sanalla did not say what those terms were, but a Libyan oil industry source said the NOC was asking Wintershall to fulfill a commitment signed before the revolution in 2011 to switch to a production-sharing agreement, and that Wintershall was refusing to do so.

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