Home / Economy / Bloomberg: Libyan oil production is rising rapidly to nearly one million barrels per day.

Bloomberg: Libyan oil production is rising rapidly to nearly one million barrels per day.

The American “Bloomberg” agency revealed that Libyan oil production is increasing at a rapid rate to nearly one million barrels per day, especially after the intensification of operations in the oil fields and ports that were closed.

The agency quoted the head of the National Oil Corporation, Mustafa Sanallah, on Saturday, that the daily production of crude reached 800 thousand barrels and that they are seeking to reach one million and 300 thousand barrels at the beginning of next year 2021, stressing their intention to reach one million and 600 thousand barrels per day.

The agency said that the production of the largest field in the western region, the Al-Sharara field, will rise to 245 thousand barrels per day this week, expecting that it will pump about 300 thousand barrels per day by the end of this year.

It is worth noting that sources from the National Oil Corporation revealed last Tuesday that production has risen to 870 thousand barrels per day, and production is expected to rise to one million barrels during the current month of November.

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