NOC of Libya Announces Increase in Crude Oil Production

(3 Minutes Read)

Libya’s crude oil production rates last Friday reached 1,413,372 barrels per day, and 51,790 barrels of condensates, while natural gas production indicators recorded 210,586 barrels equivalent, according to a statement by the NOC, which confirmed that total production reached 1,675,748 barrels per day.

The National Oil Corporation (NOC) of Libya has announced that crude oil production reached 1,413,000 barrels per day on Friday, hours before the launch of the “Libya Energy and Economy Summit in Tripoli”, which aims to attract more investment in the Libyan energy sector.

Libya’s crude oil production rates last Friday reached 1,413,372 barrels per day, and 51,790 barrels of condensates, while natural gas production indicators recorded 210,586 barrels equivalent, according to a statement by the NOC, which confirmed that total production reached 1,675,748 barrels per day.

Earlier, last week, protesters in the Oil Crescent Region threatened, during a protest to close the fields if their demand to transfer five companies to the Oil Crescent Region is not met. Those calling themselves the “Oil Crescent Region Movement” stated that their region suffers from what they have described as “marginalization and poor utilization of resources at a time when there are oil fields that support the national economy. The five oil companies are Al-Waha, Al-Zuetina, Al-Haroug, Al-Sarir, and Al-Mabrouk.

Read Also:

http://trendsnafrica.com/libya-bolsters-security-at-al-wafa-oilfield-amid-rising-threats/

The protesters gave the National Oil Corporation two weeks from the date of this statement to implement these demands, threatening to resort to closing the fields and the oil ports in the region until the demands are met