A general view shows an oil refinery in Zawia, Libya, December 18, 2013. REUTERS/Ismail Zitouny
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Libya is pumping 715,000 barrels a day of oil, the most since 2014, and is on track to keep boosting output this year as the country restores much of the production lost amid political chaos and conflict, the state oil company's chairman said. Blockades at the North African state's main oil ports have ended, and output may reach 1.25 million barrels a day by the end of 2017, National Oil Corp. Chairman Mustafa Sanalla said Tuesday at a conference in London. The production figures Sanalla announced represent a 23-percent increase from the 580,000 barrels a day that Libya pumped in November, according to data compiled by Bloomberg.The two fields in western Libya have a combined capacity of 450,000 barrels a day.According to Bloomberg calculations, current production is the most since October 2014, when Libya pumped 850,000 barrels a day.
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