Libyan oil exports rise
Tuesday, February 28, 2012
Oil production in Libya has reached 1.4 million barrels a day officials with country’s oil ministry have said in a statement.
Experts believe that the level of current crude oil production has been reached in record time. In December of last year Libya extracted slightly more than 1 million barrels per day.
Libya has the largest oil reserves in Africa. Prior to the US led conflict in that country in February 2011, daily oil production had reached 1.6 million barrels.
The level of production in Libya could return to pre-war levels in 2012.
(TASS),VOR.
BUSINESS, LIBYA, Libyan oil, News, WORLD
