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Home Oil & Gas

2017 Oil Production Target "Very Uncertain" - Sanalla

14th November 2017
in Oil & Gas
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By John Lee.

The head of Libya’s National Oil Corporation (NOC) has said that the increases in Libyan oil production over the summer have "created a media storm.”

Asked about Libya’s fourfold rise in production since last year, and whether it has undermined efforts to shrink a worldwide oil glut, Mustafa Sanalla told the Financial Times, “[OPEC delegates] understand our situation and all challenges we are having.”

He added that the country’s 1.25-million bpd production target for 2017 is “very uncertain”.

Full article available here.

(Source: Financial Times)

Tags: featuredNational Oil Corporation (NOC)oil productionOPEC

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