Libya expects oil output to return to prewar levels by mid 2012

Libya expects oil output to return to prewar levels by mid 2012

PanARMENIAN.Net - Libya's oil chief says he expects the OPEC member state's oil output to return to prewar levels by mid 2012.

National Oil Corp. chairman Nuri Berruien says Libya's oil purification is currently at slightly more than 1 million barrels per day and that full production of about 1.6 million barrels a day was expected by the middle of next year.

Libya's oil output was virtually halted during thee civil war that ousted Moammar Gadhafi. But it has rebounded quicker than many had expected.

The NOC head spoke ahead of a meeting of ministers from the Organization of Arab Petroleum Exporting Countries, or OAPEC, in Cairo on Saturday, Dec 24, The Associated Press reported.

 Top stories
Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive.
In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million).
The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot".
The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads.
Partner news
---