Middle East Economic Survey

VOL. LIV

No 49

5-Dec-2011

Libyan Output Breaks Through 800,000 B/D Mark

Libya’s crude oil production hit 840,000 b/d, state-owned National Oil Corporation (NOC) announced on 29 November. The oil sector’s impressive recovery – NOC and foreign partners have been adding over 75,000 b/d every week since production restarted in early September – comes as Libya’s new oil leadership beds in and works to restructure the country’s...