Libya’s Oil Output Hits 1 Million Bpd

Libya’s crude oil production topped 1 million bpd, the National Oil Corporation said this weekend, although it added this level of production may not be sustainable. “It is worth mentioning that the National Oil Corporation faces very big financial difficulties and a huge shortage of its budgets which led to accumulating of debts on the sector’s companies and significant delay for the salaries of its service companies,” the NOC said. “The National Oil Corporation asserts that it may not be able to sustain the current…