Wednesday, 23 Sep 2020 08:35 AM MYTLONDON Sept 23 — Libya's National Oil Company said it expected oil production to rise to 260,000 barrels per day next week, as the Organisation of Petroleum Exporting Countries member looks to revive its oil industry, crippled by a blockade since January.
The NOC said yesterday it was resuming exports at Zueitina oil terminal, in addition to Marsa El Hariga and Brega terminals, after assessing the security situation at the port and connected fields.Eastern Libyan commander Khalifa Haftar said last week his forces would lift their eight-month blockade of oil exports.
An escalation of conflict since last year led to a military build-up, including deployment of foreign mercenaries. The NOC wants to ensure that armed groups are not within the inner perimeter of facilities, and decisions on whether to reopen could depend on the level of trust with local groups, an oil industry source in Libya said.
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