Sanalla: Raising oil production to 1.4 million barrels per day depends on the stability of security

Alwasat - Cairo Wed 20 Mar 2019, 08:55 PM
alwasat radio

Libya's oil production may rise this year from 1.2 million bpd to 1.4 million bpd if the security situation remains stable, the head of the National Oil Corporation, Mustafa Sanalla said.

In an interview with Standard & Poor's Global, which took place on the sidelines of the meeting of the OPEC Monitoring Committee in Baku last Monday, Sanalla said the production at Sharara field, which resumed operations earlier this month, will rise to 300,000 barrels per day in the next few days and is currently at 260,000.

He added that the Oil Corporation is still working to repair the damage caused by the looting and destruction Sharara fielf during the closure of three months.

According to Standard & Poor's Global, the field produced between 320 and 340 thousand barrels a day before closing last December.

In the interview, Sanalla said the Oil Corporation had received assurances that the "militias" would not return to the spark field again.

Related Topics