Crude output from the Waha Oil Company has more than doubled since the beginning of August. But plans to further hike production are stymied by a lack of finance and continued insecurity.

Waha Oil Company (WOC) is currently producing about 260,000 b/d, compared to just over 120,000 b/d in early August, according to comments made by the company’s chairman, Ahmed Ammar, at a conference in Tunis on 21 November. WOC is one of the major resource holders in the oil-rich Sirte basin in...