Libya’s crude output in November surpassed 1mn b/d for the first time this year as National Oil Corporation (NOC) managed to sustain its production revival following an eight-month oil blockade which came to an end in September.
Having already reached pre-output levels of around 1.25mn b/d of crude and condensate last month (MEES, 20 November), average monthly production in the coming months is set to be considerably higher still. Libya’s rapid output rise is also being closely watched by Opec (MEES, 11 December). (CONTINUED - 951 WORDS)
