NOC chief Sanalla says oil output up to 554,000 barrels a day

National Oil Corporation chairman Mustafa Sanallah said today that oil production had passed 554,000 bpd and was on track to hit the 900,000 bpd mark by the end of the year.
Sanallah has been in Paris where he had talks with the top managements of French oil firm Total and Italy’s ENI. While both these companies have offshore properties in Libya, in the wake of collapsing security, Total abandoned its onshore operations in 2013 and two years later took a $755 million write-down on its Libyan assets.
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