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Tuesday, November 15, 2011

'Libyan Oil Output Can Reach 800,000 Barrels by End of Year'

from tripoli post....

"Libya’s oil industry will recover more quickly than the International Energy Agency, IAE, predicted after suffering disruptions this year amid fighting that engulfed the country. It will produce as much as 800,000 barrels of crude a day by the end of this year, the chairman of state-run National Oil Corp, NOC, said.

Nuri Berruien said in an interview with Bloomberg in Doha, Qatar, that Libya currently pumps 600,000 barrels a day, In comments to reporters, he added that Libyan authorities will not award licenses to energy companies during its political transition after the ousting of the former leader Muammar Al Qathafi"............READ MORE 

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