Repsol says pumping 200,000 oil barrels a day in Libya

Spain's oil company Repsol said on Tuesday its resumed production in Libya has reached around 200,000 barrels a day after war in the North African nation had slashed its output.

"It is around 200,000 barrels a day, from a total of 340,000, which means around 60 percent of total production and it is going up," Repsol's chief executive officer Antonio Brufau told reporters on the sidelines of the World Petroleum Congress in Doha.

He said he was not sure when full production would return, pointing out that export capabilities needed to be restored and refineries had to get back to full capacity.

But he noted that "the ramp up has been very aggressive."

"We started two months ago and we are at 60 percent," he said.

Libya's National Oil Corporation said last month the war-wrecked country has boosted its oil crude production to 600,000 barrels per day and is expected to add another 200,000 bpd before the end of the year.

Tripoli expects to reach its pre-crisis output level of 1.7 million bpd by the end of 2012.

Estimates indicate that some 10 percent of the OPEC country's oil infrastructure was severely damaged during the eight-month rebellion against dictator Moamer Kadhafi, who was captured and killed in October.

(Source: The Daily Star)

Tags: , ,
No comments yet.

Leave a Reply