Not since mid-2013 has Libya’s oil production reached seven figures, but even these gains fall short of NOC targets set at the start of the year. They are also vulnerable to ongoing political tussles and armed conflict.

Libya’s oil production reached 1mn b/d at the end of June for the first time in four years. The average for the month of June was 850,000 b/d according to MEES estimates, the highest monthly average for almost three years. The numbers are impressive –...