On 10 May, Libya’s oil production passed the National Oil Corporation’s (NOC) target of 800,000 barrels per day (bpd), following the reopening of a number of oil fields in the Oil Crescent last week. However, the NOC’s efforts to increase oil production further have been held back by disputes with the Presidential Council (PC) and German oil firm Wintershall. Last week, NOC chairman Mustafa Sanallah accused Wintershall of working with prime minister Fayez al-Serraj to introduce Resolution 270, which strips the NOC of much of its powers. The NOC is in dispute with Wintershall over the terms of contract of its expired concession agreement and Sanallah blames the PC for undermining the NOC’s negotiating position.
