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The Secretary-General of the Organization of Petroleum Exporting Countries (OPEC), Haitham Al-Ghais, who visited Tripoli Wednesday, discussed issues related to the oil and gas sector, hailing Libya as one of the most important major partners in OPEC.
The Libyan Minister of Oil and Gas, Mohammed Oun, and the Head of Presidential Council Mohammed Menfi met with Al-Ghais, who praised Libya’s keenness to preserve OPEC’s unity. Menfi reiterated the need for sustained role of OPEC in maintaining cooperation with Libya in the oil and gas sector.
According to the monthly report by OPEC, Libya topped the African list in oil production with one million and 163 thousand barrels per day (bpd), followed by Angola with one million and 67 thousand bpd, then Algeria with one million and 60 thousand bpd, while Nigeria fell to fourth place with one million and 24 thousand bpd. OPEC exempted Libya from the decision to reduce production in exporting countries by two million bpd.
Statistics issued by international institutions specialized in monitoring oil production showed that OPEC had pumped 28.97 million barrels per day (bpd) in February, an increase of 150 thousand bpd compared to January. According to the se data, Libya’s oil production remained unchanged in February, as the agreement to reduce oil production to maintain price stability exempted Venezuela, Libya and Iran from reducing oil production.
