Libya produces 530,000 oil barrels per day
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Libya produces 530,000 barrels of oil per day, according to the Libyan National Oil Company (NOC), despite eight months of conflict that ended with the fall of the Gaddafi regime
- Libya produces 530,000 barrels of oil per day, according to the Libyan National Oil Company (NOC), despite eight months of conflict that ended with the fall of the Gaddafi regime.
- This figure exceeds expectations for this key sector of the economy. The major problem for the realization of this figure was the blocking of the Sharara pipeline, but it was quickly repaired, according to a senior company official.
- The pipeline was blocked during the uprising against the Gaddafi regime, by the NTC fighters, in order to prevent pumping in the oil field, and its transfer to the refinery Zawiyah for the benefit of the former regime.
- Before the conflict, Libya, a member of the Organization of Petroleum Exporting Countries (OPEC) produced 1.6 million barrels per day. The activity had virtually ceased until the recovery of the first field on Sept. 12.
- Tuesday, the Libyan national company NOC has warned that problems remain, including the cessation of production in the Waha Oil Company, whose facilities were damaged by the conflict and remains shaken by a strike of employees who accuse their boss of corruption and links with the former regime.
- Ennaharonline/ M O.
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