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Oil Minister: Libya’s oil output rises to almost 1 million barrels daily

Oil Minister: Libya’s oil output rises to almost 1 million barrels daily

Libya’s oil production is rising gradually after a blockade of its western fields ended and ports in the east re-opened, according to Oil Minister Mohamed Aoun.

Output is 963,000 barrels a day, Aoun told Bloomberg on Thursday.

Libya’s daily output, which averaged 1.2 million barrels a day last year, fell to as low as 700,000 barrels. Sharara was pumping 200,000 barrels as of Wednesday. That’s roughly 60% of its capacity.