Libya Targets Oil Production of 1.7m bpd

The Minister of Oil and Gas Dr. Abdulbari Alarusi [Al Arusi] (pictured) has said the country is targeting a daily production level of 1.7 million barrels of oil per day (bpd) by the end of this year.

PANA reports that Libya currently produces 1.4 million bpd, while other figures suggest 1.5 million bpd.

Libya, which is quickly restoring its production capacity, has Africa’s largest oil reserves estimated at 47 billion barrels.

(Source: AfriqueJet)

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