Libya’s crude oil production continues to increase as one of its companies has nearly doubled its output to 100,000 barrels per day (bpd) compared to production levels before the blockade of Libyan oil ports and oilfields in January. Libya’s Sirte Oil and Gas Production and Processing Company has nearly doubled its crude oil production to over 100,000 bpd, compared to the average 55,000-bpd production rate before the blockade, the National Oil Corporation (NOC) said in a statement . Sirte Oil and Gas carried out a program to boost well productivity and workover 24 oil wells, the NOC said. Sirte Oil and Gas managed to double its production “despite the reduction of the Libyan Central Bank ( CBL ) to the budgets needed by the NOC to run the sector, the low level of services, the scarcity of financial resources, and the suspension of training programs,” NOC’s chairman Mustafa Sanalla […]