NOC expects production to hit one million b/d Sanalla says.

Catogory : Announcements

Libya oil production is on course to hit one million barrels per day (b/d) by the end of July, National Oil Corporation chairman Mustafa Sanalla said so.

This would be the first time such a figure had been reached since 2013 and Sanalla cited his employee’s work ethic as the main reason.

However, Sanalla noted the NOC faced repeated attempts to disrupt and block production.

The NOC, back in February, was able to strike a deal with the huge Russian firm Rosneft for cooperation on oil. The NOC has also recently settled a dispute with the German oil company Wintershall at least on an interim basis. According to an NOC statement: “The agreement with Wintershall would allow an immediate resumption of production at Wintershall’s concession areas in eastern Libya.