RIYADH: Libya is set to increase its oil production to two million barrels a day, according to its government. The commodity has been a key source of revenue for Libya, with oil production directly influencing global markets and prices. However, political instability and conflicts have led to fluctuating oil production. In July, the African nation announced the continuation of oil production at two major oil fields after a brief shutdown by demonstrators protesting the arrest of a former minister. “Operations have resumed in the Al-Sharara and Al-Fil oil fields ... after they were suspended,” said the Oil Ministry, part of the UN-brokered Government of National Unity based in Tripoli.

Source: Libya Today October 16, 2023 11:28 UTC