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.