Libya’s crude oil production has rebounded to 1.2 million barrels daily, according to the country’s oil minister, Mohammed Oun. Libya’s oil production dropped sharply earlier this month after the National Oil Corporation shut down a key pipeline for much-needed repairs. That came on top of the latest field blockade by the Petroleum Facilities Guard that began in December and involved four fields, including El Sharara. The combined effect of the production outages brought Libya’s output to just 780,000 bpd. The country, despite being an OPEC member, is not part of the OPEC+ production control deal because of its aggravated political situation.

Source: Libya Today January 17, 2022 16:30 UTC