Libya's National Oil Corporation (NOC) announced on Monday that its crude production rose to 1.216 million barrels during the past 24 hours.

The NOC indicated in a statement that condensate production amounted to 56,000 barrels during the past 24 hours.

Earlier on Tuesday, the NOC's budget committee agreed to prepare a detailed report for 2022 which includes allocations and expenditures, their impact on the stability of the oil sector, in line with the government’s plan for disclosure and transparency.