Reaching heights not seen in five years, Libya’s oil production has hit almost 1.3 million barrels per day (bpd). According the Mustafa Sanalla, NOC chairman, production is now 1.278 million bpd.
Sanalla said this improvement is the result of the decline in clashes around production basins. It is even possible to add thousands of barrels to the current production, given the security level at the moment.
The NOC chief said that the state firm is targeting 2 million bpd by 2022. Just a few weeks ago NOC’s goal was just to reach pre-crisis levels of 1.6 million bpd.