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2014-08-20 18:15:00

LIBYA: NEW OIL 562,000 BPD

LIBYA: NEW OIL 562,000 BPD

Libya is due to start loading its first crude oil tanker from top port Es Sider on Tuesday following a year-long blockade by eastern federalists, a Libyan oil official and trading sources said.

The country's oil industry is making a modest comeback, restarting production and exports even while Tripoli has become a battleground for rival armed factions amid the worst violence since the 2011 civil war.

Output has risen to 562,000 barrels per day (bpd), the state-owned National Oil Corp said on Tuesday, although still well below its pre-blockade level of around 1.4 million bpd.

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Tags: LIBYA, OIL, WINTERSHALL,

Chronicle:

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