Libyan oil production at 1.2 million barrels per day, claims oil minister
Libyan oil production at 1.2 million barrels per day, claims oil minister
Libya's oil minister Mohamed Oun claimed that the North African country - which has been crippled by the political deadlock over the last year - is producing about 1.2 million barrels per day.
1 min read
Libya's oil production has recovered sharply in recent months, according to SPGlobal [source: Getty]
Libya is producing about 1.2 million barrels per day of oil, oil minister Mohamed Oun told reporters on the sidelines of an OAPEC meeting on Monday.
"We hope to return to 2010 levels, which was 1.6 million bpd, within two or three years," he added.
He added that he hoped that Libya's decision to lift force majeure on oil and gas exploration, which was announced last week, would encourage foreign oil companies to return to the country.
Torn by civil war since 2011, Libya is divided between rival governments in the east and west, each backed by international patrons and numerous armed militias on the ground.
Rival factions have continually tried to seize a monopoly over the country's lucrative oil and gas industry.
More In News
