Official: Libya to hit full oil output by mid-2012
Saturday, December 24, 2011
CAIRO (AP) — Libya’s oil chief says he expects the OPEC member state’s oil output to return to prewar levels by mid 2012.
National Oil Corp. chairman Nuri Berruien says Libya’s oil purification is currently at slightly more than 1 million barrels per day and that full production of about 1.6 million barrels a day was expected by the middle of next year.
Libya’s oil output was virtually halted during thee civil war that ousted Moammar Gadhafi. But it has rebounded quicker than many had expected.
The NOC head spoke ahead of a meeting of ministers from the Organization of Arab Petroleum Exporting Countries, or OAPEC, in Cairo on Saturday.
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