Libya's Biggest Oil Field Boosts Production, Raising the Country's Output
- Sharara field production said to rise 25,000 barrels a day
- North African nation output at highest since October 2014
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Libya’s biggest oil field boosted production, allowing the OPEC nation to pump crude at the highest level since October 2014.
Crude from Sharara field rose by 25,000 barrels a day to 250,000 barrels, according to a person with direct knowledge of the matter who asked not to be identified because they aren’t authorized to speak to the media. Libya’s output rose to 827,000 barrels a day after the increase in output from Sharara, Mustafa Sanalla, head of the state-run National Oil Corp., said in a text message.