Libya's representative to the Organization of Petroleum Exporting Countries (OPEC), Mohamed Aoun, said Libya does not oppose a gradual return to previous levels of production before the OPEC agreement to cut output as long as Libya's share remains the same.

Sputnik reported on Monday that Libya does not mind returning to its previous levels of production before 2011, assuming that it is without prejudice to the price situation acquired, adding that the current events in the oil crescent will adversely affect and lead to a drop in exports, noting that Russian companies and others may not enter into projects in Libya with the current situation.

It is worth noting that the oil crescent region is witnessing armed clashes led to losses of more than 400 thousand barrels per day, and the disruption of exports, damage to infrastructure, and losses of tens of billions of dollars in lost sales opportunities, according to the National Oil Corporation.