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Libya's Sirte Oil produces at seven-year high of 80,000 bpd -engineer

10/30/2020 | 06:06am EST

BENGHAZI, Oct 30 (Reuters) - Oil production from Libya's Sirte Oil Company, a subsidiary of the National Oil Corporation, has reached a seven-year high of 80,000 barrels per day (bpd), an engineer at the company told Reuters.

The OPEC member state's total oil production is nearly 700,000 bpd, a Libyan oil source told Reuters on Thursday.

Production has been recovering from about 100,000 bpd in September after the easing of an eight-month blockade by eastern forces.

(Reporting by Ayman al-Warfalli Writing by Ahmad Ghaddar Editing by David Goodman)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
LONDON BRENT OIL 1.00% 48.56 Delayed Quote.-28.42%
WTI 1.03% 45.515 Delayed Quote.-28.04%
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