ENERGY

Libya aiming for oil output of 1.25 mln bpd this year - NOC

An oil filed in Libya. The country hopes to reach output of 2.1 mbpd in four or five years. (File photo: Reuters)

Libya is aiming to produce 1.25 million barrels per day (bpd) by the end of the year and 1.5 million bpd by the end of 2018, the head of the National Oil Corporation (NOC) said on Wednesday.

Libya hopes to reach output of 2.1 million bpd in four or five years, NOC chief Mustafa Sanalla said during a visit to Benghazi.

The targets outlined by Sanalla are broadly in line with previously stated production goals.

Libya’s national production has recently stood at just over one million bpd.
 

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Last Update: Wednesday, 19 July 2017 KSA 15:28 - GMT 12:28
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