Wintershall says in talks with Libya to resolve oil export dispute - HYDROCARBON PROCESSING / REUTERS

May 10/2017
Reporting by Aidan Lewis; Additional reporting by Ahmad Ghaddar in London and Vera Eckert in Frankfurt; Editing by Susan Thomas and Greg Mahlich

TUNIS (Reuters) -- Libya's oil production is running at above 800,000 bpd for the first time since 2014, the National Oil Corporation (NOC) said on Wednesday, but a commercial dispute with German oil firm Wintershall has shut in a further 160,000 bpd.

Libya's output could reach between 1.1 MMbpd and 1.2 MMbpd if political obstacles were removed, the NOC said in a statement.

"We are able to produce an average of 1.1 MMbpd to 1.2 MMbpd over the rest of this year, but for this to happen our oil must flow freely. A national effort is required," NOC Chairman Mustafa Sanalla said.

Libyan oil output rises to 700,000 barrels per day after port fighting ends: NOC - REUTERS

A dog walks near Ras Lanuf Oil and Gas Company in Ras Lanuf,
Libya, March 16, 2017 - REUTERS/Esam Omran Al-Fetori

Tunis, Thu Mar 23, 2017 | 4:53am EDT
Aidan Lewis

Libya's oil production has reached 700,000 barrels per day (bpd), the National Oil Corporation (NOC) said on Wednesday, recovering from a drop earlier this month caused by fighting at two key oil ports.

"We are working very hard to reach 800,000 barrels by the end of April 2017, and, God willing, we will reach 1.1 million barrels next August," NOC Chairman Mustafa Sanalla was quoted as saying in a statement.

The NOC said in a separate statement it hoped to produce 55,000 bpd in the coming weeks from the Abu Attifel and Rimal fields, which are currently closed for maintenance.