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Libya’s El Sharara field currently producing 300,000 bpd

Oil Minister Abdelbari Arusi said the African nation's oil production has declined due to a standoff with rebel groups

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Libya's El Sharara field is currently producing 300,000 barrels per day of oil compared to its peak output of about 340,000 bpd, Oil Minister Abdelbari Arusi said on Sunday, due to a standoff with rebel groups.

The minister said the African nation's oil production has declined to 600,000-650,000 bpd compared with a peak output of 1.6 million bpd.

But the output could bounce back once the country resolves a standoff with armed groups at its oil ports, Arusi told Reuters at a petroleum conference near Delhi.

“We have always been negotiating (with rebels) and hopefully we will come out with a peaceful solution because we don't want to use force, unless we run out of other solutions,” he said.