Bloomberg: Libya Says Oil Output Tops One Million Barrels a Day as Industry Recovers

“Libya, holder of Africa’s biggest oil reserves, is now pumping “more than a million” barrels a day as the oil industry recovers from months of armed conflict, the chairman of its state-run National Oil Corp. said. The country will resume normal oil production by the middle of next year, Nuri Berruien told reporters in Cairo today, where he attended a meeting of the Organization of Arab Petroleum Exporting Countries, or OAPEC . . . At least four tankers had been booked in the week through Dec. 22 to load 420,000 metric tons of crude oil in Libya, according to data from Poten & Partners Inc. The ships have been chartered to pick up the equivalent of about 3.1 million barrels, compared with about 2.7 million barrels booked to load on four vessels the previous week, the New York-based shipbroker’s figures showed.”