Libya… – Commodity Research Group

April 28, 2016 by Jim Colburn Leave a Comment

Reuters reports on Libya’s plans to restore output here: http://www.reuters.com/article/libya-oil-production-idUSL5N17V4YB

“”A U.N.-backed unity government’s move to Tripoli last month raised hopes that Libya could restart idled fields and reopen export terminals, and the NOC in Tripoli says it could quickly double production to over 700,000 bpd, if political and security conditions stabilise.”

The key word is “if”…. The article mentions some of the security challenges Libya will need to overcome in order to increase production by only around 400,000 bpd…

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