Reuters reports that Libya's oil production has now hit 500,000 bpd, nearly double what it was 2 months ago, and adds that NOC Chairman Mustafa Sanalla has said he hopes to raise output as high as 900,000 bpd by the end of the year.
The increase followed a rise in production at the Sarir field to around 200,000 bpd, and as production at Nafoura reached 29,000 bpd, AGOCO spokesman Omran al-Zwai said. He said AGOCO could reach its year-end target of 350,000 bpd if the Bayda field came back on line.