LIBYA

NOC Claims To Have Hit 1.3Mn B/D Production Mark

Libya’s oil production hit 1.3mn b/d on 25 January, state-owned National Oil Corporation (NOC) announced on its website. If correct, the latest figure further reinforces the highly impressive recovery made by Libya’s oil industry since the fall of the Qadhafi regime in late August. While pre-war capacity stood around 1.8mn b/d, production prior to the outbreak of fighting in late February was running at 1.55mn b/d. No...