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Libya Eyes Increase In Oil Output To 1.4 Million Bpd

The Libyan government wants to boost the country's oil production to 1.4 million barrels daily, the Cabinet said on Facebook, as cited by Reuters today. "The national unity government is keen to raise its production rates in conjunction with the rise of global crude prices", the statement said. Currently, Libya is producing some 1.

2 million barrels daily, and this is a significant increase from just a couple of years ago, when political clashes and social unrest led to port and field blockades that pushed Libya's oil output below 1 million…

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