Libyan oil production will recover in full " within 10 days " , said Minister of Petroleum and Gas Libya Abdelbari al - Arusi on Tuesday , after the riots led to the country's oil production falls .
" Within 10 days if all goes well , hopefully we will be back to 1.5 million barrels per day , " said Abdelbari al - Arusi told reporters who gathered for the OPEC meeting in Vienna on Wednesday ( 3/12 ) .
" Things can change ... that is why I say hopefully, I'm not sure because things were not in my hands , " he added when asked if he was too optimistic .
Previous Arusi never one to predict the time required to restore full oil production .
Libyan oil production has fallen to about 250,000 barrels per day ( bpd ) in the middle of a deadly battle between hard-line Muslim fighters and soldiers that erupted earlier this year .
Arusi added that the lost production has resulted in the north African country lost revenue "of about nine billion dollars " .
He said that the members of OPEC has been pumping additional oil production to compensate for the drop in Libyan production , which could be a way to restore the total production .
" Someone took our share in the market and we have to go back , " said Arusi , noting that he agrees with fellow Libyan OPEC that the cartel should maintain its production ceiling to 30 million barrels per day when they meet on Wednesday .
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