Libya to attend Russia meeting of major producers

Libya

TRIPOLI, July 18, 2017 – Libya said Tuesday it will attend a meeting of OPEC and non-OPEC producers in Saint Petersburg on July 22.

A delegation to the meeting on current market conditions will be lead by the chairman of the National Oil Corporation, Mustafa Sanalla.

Libya along with Nigeria have been exempt from output cuts by OPEC and non-OPEC producers of 1.8 million barrels a day through to March.

Both countries have been increasing production, pushing OPEC output higher in June despite the curbs.

“We will take this opportunity to share with the committee the factors enabling and constraining Libya’s production recovery,” Sanalla said in a statement.

“I will consult with significant Libyan decision-makers before I leave and hope to present a unified Libyan position in St Petersburg that will show we can act together in the national interest,” he added.