Libya's NOC welcomes 'unconditional' opening of ports, aims for 900,000 bpd by year end

Libya’s state oil company said
on Sunday it welcomed the “unconditional” reopening of blockaded
oil ports following a deal between the U.N.-backed government
and the Petroleum Facilities Guard.

The National Oil Corporation (NOC) also welcomed fresh
funding from the government that it said would allow it to
increase production by 150,000 barrels per day (bpd) within two
weeks. The NOC said in a statement that it aims to gradually
increase production to 900,000 bpd by the end of the year.

(Reporting by Ahmed Elumami; Writing by Aidan Lewis; Editing by
Adrian Croft)


The article Libya's NOC welcomes 'unconditional' opening of ports, aims for 900,000 bpd by year end was originally published at Reuters - US Energy.