TRIPOLI, April 5 (Xinhua) -- Libya's oil production has risen to about 1.43 million barrels per day, the highest level recorded in over a decade, Chairman of Libya's National Oil Corporation Masoud Suleiman announced here Sunday.
Suleiman said during a meeting that oil sales revenue for February exceeded 2 billion U.S. dollars and was fully transferred to the state treasury without any deductions, a first in years.
He also noted that domestic fuel supplies remain stable despite global crises, and that maintenance work on the Al-Sharara oilfield's export pipeline has been completed, with production back to normal levels.
Suleiman stressed that maintaining and increasing output depends on power grid stability and improved production efficiency.
Oil and gas exports are Libya's main revenue source but have been repeatedly disrupted by conflict and political instability.
The Al-Sharara oilfield, the largest in the country, is located some 900 km south of the capital Tripoli, with capacity over 300,000 barrels of crude oil daily.
