Libya's National Oil Corporation announced on Monday that production of crude hit 1.212 million barrels per day, during the past 24 hours.

The NOC added that condensate production rose to 52,000 barrels.

Libyan Oil Exploration Resumes

The resumption of oil exploration and production by foreign companies in Libya has prompted some to revive their hopes of achieving the short-term strategy for the oil and gas sector, which includes raising production to two million barrels per day as a first step, before reaching three million barrels as a larger goal.