Libya govt says oil output improves faster than expected

October 3, 2011 15:35


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

BENGHAZI, Libya - Libya's interim government said on Monday the level of oil output was improving at a faster rate than expected but said it would take 12-18 months for production to return to normal.

Mahmoud Jibril, a senior member of the government, told a news conference that he would not give details about output for security reasons, as the oil sites could become targets for attack.

"It will take one to one-and-a-half years for production to reach its normal rate," he said, adding that the average rate of improvement was "better than expected."

A senior source in Libya's National Oil Corporation said last month that the country's total output could reach 500,000 barrels per day or nearly a third of pre-war output by early October.

Related Content

Breaking news
July 21, 2018
Afghan government considering new Eid ceasefire offer