Libya sees oil production rising to prewar levels in 15 months

09/05/2011
Eric Watkins Oil Diplomacy Editor Libya can resume crude oil production within a matter of weeks and can return to prewar output within 15 months, according to the newly appointed chairman of state-owned National Oil Corp. NOC Chairman Nouri Berouin said Libya was producing 1.6 million b/d before the outbreak of civil war in February. Berouin also said most of the country's oil fields suffered no major damage and are in good condition but that minefields around the Brega export terminal could slow the resumption of normal operations. Berouin said it is necessary to secure the fields and then to begin clearing the minefields. Increased output would require logistical support as well, most ...
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