Libya output recovery continues
TRIPOLI, December 27, 2016 – The ramp-up of Libyan oil production continues, with output recorded at 622,000 bopd on Monday, according to the country’s National Oil Corporation.
The NOC statement comes a week after the reopening of the pipeline between the El Sharara oilfield and the Zaeiya refinery and the lines connecting the El-Feel asset to the Mellitah complex. The opening of the pipelines followed the December 14 agreement with an armed faction on ending a two-year blockade of the western pipeline systems.
Libya’s production has been increasing steadily since July, when output was at a 2016 low of 270,000. It had recovered to 575,000 bopd by November and averaged 600,000 bopd earlier this month. According to NOC statements last week, the Sharara and El Feel fields have the potential to add 270,000 bopd within three months, putting Libya on track to reach close to 900,000 bopd before the middle of 2017.