By Salma El Wardany
Libya’s oil output is rising again after disruptions ended at its biggest field, with production reaching about 950,000 barrels a day even as OPEC and allied suppliers step up efforts to contain a global glut.
Output at the North African nation’s Sharara field has recovered to 230,000 barrels a day, according to a person familiar with the matter, who asked not to be identified because they aren’t allowed to speak to the media. Libya was pumping 1.05 million barrels a day in August, the person said, before an armed group closed a pipeline linked to the field and caused Sharara to halt production for more than two weeks.
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Source: https://www.bloomberg.com/
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May 24, 2023 No Comments
