Libya May Double Oil Output Next Week

Libya May Double Oil Output Next Week
Libya took a major step toward reviving its battered oil industry by reopening its biggest field.

Libya was producing 1.2 million barrels a day last year. Khalifa Haftar, a Russian-backed commander who controls much of the east, blockaded ports and fields in mid-January as he attempted to unseat the UN-supported government in Tripoli. That caused output to slump to less than 100,000 barrels a day, most of it from offshore fields.

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