Libya Pumps Most Oil Since 2013 as Wintershall Fields Resume
- Output reaches 902,000 barrels a day, NOC official says
- Country targeting 1 million barrels a day by end of July
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Libya is pumping the most oil in four years after a deal with Wintershall AG enabled at least two fields to resume production, adding to the challenge that OPEC and allied producers face in trying to pare global crude inventories.
The North African country is currently producing 902,000 barrels a day, an official at the state National Oil Corp. said Tuesday, asking not to be identified for lack of authority to speak to media. Output has risen on the resumption of fields developed with Wintershall and from a boost at Sharara, Libya’s biggest deposit, which is pumping 270,000 barrels a day, another person familiar with the situation said Monday.