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| Crude Oil Tanker 'Syra' (600.000 bbl capacity) |
By Saleh Sarrar and Hatem Mohareb
(Bloomberg) — Libya boosted crude production by more than 70 percent since August as some oil fields resumed output and export terminals in the OPEC country reopened for their first overseas loadings in two years.
The North African nation’s crude output rose to 450,000 barrels a day after work resumed at some oil fields, Ibrahim Al-Awami, head of oil measurement department at state-run National Oil Corp., said by phone on Tuesday. Armed conflicts and political disputes have hobbled the country’s production, which slid to 260,000 barrels a day last month, data compiled by Bloomberg show.
