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    Home » Libya won’t join OPEC quotas until its output steadies, says NOC chief

    Libya won’t join OPEC quotas until its output steadies, says NOC chief

    November 9, 2020
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    *Mustafa Sanallah, Chairman, NOC of Libya.

    News wire — Libya will not join OPEC quotas until its production stabilises at 1.7 million barrels per day (bpd), a Wall Street Journal reporter tweeted, citing National Oil Corp chief.

    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.

    (Reporting by Aakriti Bhalla in Bengaluru; Editing by Edmund Blair)

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