4 Aug 2017: On April 8, 2016, we wrote a Poten Tanker Opinion about Libya entitled “More From the Med (Maybe)“. We highlighted that, after many years of turmoil and civil strife, some signs of stability had appeared and increases in oil production and exports were possible, although not guaranteed (hence the “maybe”). A few months later, in June 2016, Libyan production bottomed at 280,000 barrels per day (b/d), its lowest average monthly production level since the United Nations backed Government of National Accord (GNA) was formed in December 2015. However, things have started to look up for this war-ravaged country since then.
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