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  • 09-11-20

    Libya: daily oil output reaches 1 mln barrels

    (MENAFN)

    Libya's daily oil output has surpassed 1 million barrels, stated the state-owned National Oil Corporation (NOC) of the UN-backed Libyan government on Saturday.

    According to a declaration by the NOC, "the NOC announces that it managed to raise production rates to 1,036,035 barrels a day."

    Nevertheless, the corporation may not manage to maintain the actual production rates and these rates may be decreased or completely stopped "under the reluctance of some entities and their hindering of NOC's efforts to increase production and restore the prosperity of the national economy."

    The NOC said that, it confronts major financial obstacles, which drove to piling debts on the domain's firms and considerable postpone for the salaries of its service firms.

    MENAFN09112020000045011361ID1101095882

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