Libya “Plans to more than Double Oil Output”

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)

No comments yet.

Leave a Reply