Libya’s oil and gas minister in the UN-backed Government of National Unity expects oil production to return to “normal” levels of 1.2 million b/d in a week to 10 days as the OPEC member begins pumping crude after lifting of force majeure on exports and oil fields. “Production has reached today around 600,000 b/d. Production, maybe, I expect in a week to 10 days to return to normal levels … of around 1.2 million b/d,” Mohamed Oun said in an interview with Al Ahrar TV posted on the ministry’s Facebook page July 20. “Three tankers are expected to begin exporting more than 2 million barrels.” Oil in storage is being exported and pumping from oil fields has started, which will allow Libya to boost exports, the minister added. Under its new management, state-owned National Oil Corp. announced July 15 the lifting of force majeure on all oil terminals and […]