Libya’s National Oil Corporation (NOC) has said that the country’s crude oil production has reached 1.2 million barrels per day (bpd), the Libyan News Agency reported on Wednesday. According to secondary sources in OPEC’s latest Monthly Oil Market Report (MOMR), Libyan crude oil production averaged 1.161 million bpd in March, down by 2,000 bpd compared to February. Libya’s oil production recovered after the country resumed oil exports in July 2022. The force majeure severely crippled Libya’s oil exports following weeks of protests and closures amid a rift in Libya’s political class over who should be governing the country. This year, Libyan oil production could reach 1.3 million bpd after averaging 1.12 million bpd in 2022, according to the African Energy Chamber.
