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Libya’s Oil Output At 700K b/d As Country Aims To Open Last Oil Port

Oil

Libya’s oil production is at 700K b/d as the country prepares to open the only one of its nine major oil terminals which is still closed, Zawiaya, following the reopening of a pipeline and field connected to the port, Bloomberg reports. The country has steadily raised its production levels from lows of under 300K b/d (IEA data shows) and reopened oil terminals (some of which had been closed for as much as two years) since East Libya military forces captured facilities in September. The country is planning to almost double output to 1.2M b/d in 2017.