Libya’s Oil Production Bounces Back Following Pipeline Repairs - News Summed Up

Libya’s Oil Production Bounces Back Following Pipeline Repairs


Libya’s crude oil production rose to 900,000 bpd from 700,000 bpd after the completion of repair work on a pipeline, the country’s oil ministry said, as quoted by Bloomberg. The pipeline that was being repaired links two oil fields to the Es Sider export terminal. Its shutdown for repairs took 200,000 bpd offline, which coincided with field outages caused by blockades that shaved off more barrels from Libya’s total. Libya’s oil infrastructure has suffered years of neglect, and the field shutdown for the pipeline repairs is unlikely to be the last one. Despite the complex political and social situation, the NOC has been putting a lot of effort into boosting oil production, especially while Libya is exempt from the OPEC+ production cuts.


Source: Libya Today January 10, 2022 16:09 UTC



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