Libya's total fuel production climbs over 1.5 mln bpd


  • World
  • Thursday, 14 Nov 2024

TRIPOLI, Nov. 13 (Xinhua) -- The state-owned National Oil Corporation (NOC) of Libya on Wednesday announced that the daily production of oil, gas and condensates is 1,577,101 barrels.

"The total readings recorded today, Wednesday, for crude oil and condensate production rates reached 1,374,118 barrels, and for gas 202,983 barrels equivalent, bringing the total to 1,577,101 barrels," NOC said in a statement.

"This production level of the Libyan oil and gas sector has not been recorded for more than ten years. This increase is attributed to the support of the Government of National Unity, the safe operating environment provided by the Libyan army in the East, West and South of the country, and the combined efforts of loyal workers in the sector," the statement said.

Prime Minister Abdul-Hamed Dbeibah praised the production increase, confirming plans to increase daily oil and gas production to 2 million barrels by the end of next year.

Libya's oil industry, the backbone of its economy, has frequently been caught in the crossfire of political disputes since the fall of former leader Muammar Gaddafi in 2011.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Israel-Hamas ceasefire delayed after Netanyahu demands hostage list
Deaths in Colombia rebel violence double to 60, ombudsman says
Exclusive-German ambassador warns of Trump plan to redefine constitutional order, document shows
Russia says its forces capture two settlements in eastern Ukraine
Kenya sends another 200 police to fight gangs in Haiti
Migrants set fire in midnight camp raid in northern Mexico
Trump arrives in Washington as inauguration celebrations begin with Elvis impersonator, fireworks
Protesters storm South Korea court after it extends Yoon's detention
Libya plans to increase oil, gas production to 2 mln barrels per day over next 3 years
Feature: Chinese tourists expected to drive tourism growth as Egypt hosts record number of visitors in 2024

Others Also Read