NOC Expects to Reach Crude Target by Feb

The chairman of Libya's state-run National Oil Corporation (NOC) has told Bloomberg that crude oil output will increase to a target of 1.7 million barrels a day by February.

Nuri Berruien [Nuri Balrwin] (pictured) said the country currently pumps 1.55 million to 1.57 million barrels a day.

The situation on the market caused production disruption, but everything is now back to normal. We are on track to reaching the final goal of 1.7 million barrels if not by the end of the year, then in January or February.

(Source: Bloomberg)

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