Libya’s oil production could rise by several hundred thousand barrels daily when BP and Eni resume production at a shared field, the head of the country’s state oil company told Bloomberg. Mustafa Sanalla said Libya’s current oil production was more than 1 million bpd “despite local security challenges” adding that BP and Eni planned to restart their exploratory drilling operations at a field near the Libyan border with Tunisia in the first quarter of next year. They could then fast-track production, Sanalla said. The two majors’ decision about Libya is an indication of a relative confidence in the ability of the local authorities to keep disruptions under control, it seems. After all, just last month armed gunmen attacked the headquarters of the National Oil Corporation, killing two and injuring 25 people. Later, Islamic State claimed responsibility for the attack. Related: China’s Oil Addiction Is Its Main Weakness As A […]