Libya has reportedly restored its production to rates last seen before the start of the country’s civil war in 2011.
Libyan deputy prime minister Awad al-Baraasi told an energy conference
in Dubai that “oil terminals and refineries have been restarted and oil
production has returned to the pre-war levels", Dow Jones Newswires reported.
Baraasi did not specify a figure for Libya’s current
production, which ran to 1.7 million barrels per day before the conflict
Last November, the chairman of Libya's National Oil
Corporation said it aimed to boost oil output to 1.72 million barrels per day
by the end of March but warned strikes could interrupt production.
In February, Oil Minister Abdelbari Arusi said that pre-war
output levels were targeted for the end of 2013.
Last month, the country pumped 1.325 million barrels per
day, according to a survey of industry and official sources conducted by Dow
Libya, holder of Africa's biggest crude reserves, has fast
recovered its oil production since the overthrow and killing of former leader
Muammar Gaddafi but foreign operators still complain of infrastructure
constraints, tough contract terms and persistent insecurity.