Libya resumes oil production in another field

Azerbaijan, Baku, Feb.1 /Trend, A. Taghiyeva /

Libya has resumed oil production from the Al-Naga field, the Libyan National Oil Company said in its report on the company's website on Wednesday.

Libyan company Veba has been dealing with the Al-Naga field development and plans to produce about 8000 barrels per day in the first phase. This means the company's oil production has reached 81,000 barrels per day in the country as a whole. Some 90 per cent of oil produced from the Al-Naga field will be exported, the report says.

Earlier the Libyan National Oil Company said its oil production in the entire country reached 1.3 million barrels per day during December 2011.

The company also told Trend that the country intends to increase oil production up to 1.7 million barrels per day by spring 2012, which exceeds pre-revolutionary volumes.

Libya is eighth in line as a producer in terms of oil production among 12 OPEC countries and the third in Africa after Nigeria and Angola. The main importer of Libyan oil is Italy, followed by Germany, France and Spain.

Libya's proven oil reserves are 45 billion barrels and before the Revolution it produced 1.5 million barrels of oil per day.