Libya Oil Production Hits 300,000 Bpd As Another Oilfield Comes Online

Libya’s oil production has more than tripled since the port blockade has been lifted, reaching around 300,000 barrels per day (bpd) after the restart of another oilfield in the country, creating a new headache for fellow OPEC members who are trying to rebalance the market while demand is still weak.  The 200,000-bpd Sarir oilfield resumed operations on Tuesday, Bloomberg quoted the operator Arabian Gulf Oil Co (Agoco) as saying. The field is currently pumping just 30,000 bpd, but it took Libya’s total production to nearly 300,000…