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IEA: Many months to restore Libya’s oil output

Posted on 21 October 2011

An expert at the International Energy Agency says it may be “many months” before Libya’s damaged oil industry can resume full production. The head of IEA’s Oil Industry and Markets Division, David Fyfe, said Thursday there are “many logistical, operational and security related challenges” to overcome in Libya.
Before the uprising, Libya produced about 1.6 million barrels of oil a day. The Bloomberg financial news service says production fell drastically, and recovered to to only 100,00 barrels per day last month………………………………………..Full Article: Source


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