Libya’s oil production has hit its highest level since 2013, the chairman of the National Oil Corporation (NOC), Mustafa Sanalla, told Bloomberg in response to questions on Sunday. If the security situation in the country improves, Libya’s production could further rise from the recent 1.278 million bpd, Sanalla said. The country could lift production by “hundreds of thousands” of barrels of oil per day, security permitting, according to the head of the national oil company. However, the situation in Libya remains uncertain, which could prompt the national oil firm to revise down its production target to pump more than 2 million bpd in 2022, according to Sanalla. Over the past few months, Libya’s oil production has seen wild fluctuations as a result of attacks and blockades on oil facilities that have frequently shut in oil production and exports. Just last week, members of the Petroleum Facilities Guard (PFG) blocked […]