Chairman of National oil Corporation confirms that Libya to restore its quota in oil market.
Pulbished on:
London, 19.05.2015(Lana) Chairman of National Oil Corporation
(NOC), Mustafa Sunaalla confirmed that NOC is to restore Libya 's
quota in the oil market, which taken by others.
In statement to London, Sunaalla said Libya is pumping about 436,000
barrels daily, expressing hope that production would increase by
further 200,000 barrels per day in the next two months by repairing
damaged oil fields and continued dialogue with those closing oil
fields and pipelines.
He said in the past three years countries within and outside OPEC
benefited from Libya being outside the market, thus we work
diligently to increase our production and make the required repairs.
=Lana=