Surging Libyan Oil Output Nears 1 Million Barrels a Day
- National Oil Corp. says production is 800,000 barrels a day
- Chairman targets 1.3 million barrels daily by early 2021
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Libya’s oil production is rising rapidly toward 1 million barrels a day, as a truce in the nation’s civil war allows the state energy firm to ramp up operations at previously idled fields and ports.
Daily crude output has reached 800,000 barrels and the country is targeting 1.3 million by the beginning of 2021, Mustafa Sanalla, the chairman of the National Oil Corp., said in an interview Saturday in the eastern city of Brega.