Libya Oil Boss Sees Output Gain With Hope of BP Pumping Soon
- Country boosted oil production by a third in past three weeks
- Biggest field resumed output after occupation by armed groups
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Libya boosted crude production by a third after restarting its biggest field, and its top oil official sees further gains when companies like BP Plc invest and start pumping in the politically divided OPEC nation.
The Sharara field in southern Libya is currently producing 260,000 barrels a day, and the state-run National Oil Corp. is working to raise output, NOC Chairman Mustafa Sanalla told Bloomberg Television in an interview. Sharara resumed pumping oil earlier in March after the end of a three-month occupation by armed groups.