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Home Oil & Gas

Libya "Plans to more than Double Oil Output"

8th January 2019
in Oil & Gas
Libyan Oil Output to Reach Pre-War Levels By End of Next Year
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By John Lee.

Libya reportedly plans to more than double its oil production by 2021.

According to Reuters, National Oil Company (NOC) chairman Mustafa Sanalla told a news conference that output would reach 2.1 million barrels per day (bpd) if security and stability are strengthened.

Current output is around 953,000 bpd, less than its pre-civil war capacity of 1.6 million bpd.

More here.

(Source: Reuters)

Tags: featuredMustafa Sanallaoil production

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