ATHENS – Libya can achieve an oil production of 1.3-1.4 million barrels per day within a few weeks once the security situation is under control, Libya’s deputy minister of oil and gas told New Europe on 5 May.

“Now we are talking about less than 300,000 barrels per day and we can achieve 1.3-1.4, which is within the [OPEC] quota,” Omar Ali Elshakmak, said, referring to the Organization of Petroleum Exporting Countries production ceiling.

OPEC output is currently capped at 30 million barrel...

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