OPEC: Libya Ranked First Over Rising Oil Production

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On Saturday, the Organization of Petroleum Exporting Countries
(OPEC) announced that Libya ranked first among its member states when it comes to the level of oil production. Libya exponentially raised its oil production last December 2020.

In its monthly report, OPEC stated that Iraq ranked second amongst the member states who had raised their oil production the most in the last month.

The organization indicated that “the production of the 13 member states of the Organization of Petroleum Exporting Countries (OPEC) increased last month.”

It explained that the oil production of member states averaged 25.362 million barrels per day, an increase of 279 thousand barrels per day compared to November 2020, which amounted to 25.083 million barrels per day.

OPEC added that “the increase in OPEC production came from Libya, whose production amounted to 1,224 million barrels per day, with an increase of 136,000 barrels from the previous month, in addition to the United Arab Emirates (UAE), with an increase of 63,000 barrels from the previous month.”

In September, the leader of the Libyan National Army (LNA) Field Marshal Khalifa Hafter announced the reopening of oil fields in Libya after a blockade that lasted eight months.

After this, Libya’s National Oil Corporation (NOC) welcomed the decision and announced the resumption of oil production.