Country’s output rose to 500,000 barrels a day: NOC official Production to further advance by end of month, Al-Awami says Libya’s oil production rose to 500,000 barrels a day and will further advance by the end of the month as the holder of Africa’s largest crude reserves was exempt from an OPEC accord to limit production, according to an official of the state oil company. The country’s production will reach 600,000 a day by the end of October, Ibrahim Al-Awami, head of National Oil Corp.’s oil measurement department, said by phone. Libya was pumping 485,000 barrels a day last week, NOC Chairman Mustafa Sanalla said in an interview in Algiers on Sept. 28. Oil capped the biggest monthly gain since April after the Organization of Petroleum Exporting Countries agreed during a meeting in Algiers last week to trim supply for the first time in eight years. While quotas will […]