Libya Says Total Mulls More Investment in Nation’s Oil Fields
- Libyan output surpasses 1.2 million barrels a day: Sanalla
- Total discussed helping boost flows to highest level, NOC says
Libya was producing about 1.2 million barrels a day before Khalifa Haftar blockaded ports and fields in January.
Source: AFP/Getty Images
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France’s Total SE is in talks to increase energy investment in Libya, where oil output has surged in the past two months amid a truce in the OPEC member’s civil war.
Total and Libya’s state-run National Oil Corp. held a virtual meeting and discussed efforts to increase Libyan production capacity and output “to the highest levels,” the NOC said Thursday. Daily output has already recovered to 1.25 million barrels, it said in a statement, the same amount Libya was producing before it collapsed into political chaos and civil war almost a decade ago.