Libya may join OPEC+

Libya may join OPEC+
  • Clock-gray 16:00
  • calendar-gray 10 November 2020

Libya will not join OPEC quotas until its production stabilises at 1.7 million barrels per day (bpd), said National Oil Corp chief, APA-Economics reports citing Reuters.

Libyan oil production could reach 1.3 million bpd within a month, NOC’s Mustafa Sanalla told the Journal.

OPEC-member Libya is exempt from making production cuts under a deal agreed between OPEC, Russia and other oil producers.

Emil Ismayilov

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