The Chairman of the Libyan National Oil Corporation (NOC), Mustafa Sanalla, has revealed to Bloomberg plans for increasing oil production in the few coming years.
The Chairman of the NOC told Bloomberg TV Tuesday that the NOC was working toward lifting oil production to 1.45 million barrels per day (bpd) by the end of 2021 and to 1.6 million bpd in two years, and eventually 2.1 million bpd in the four coming years.
Sanalla indicated that the increase and development of oil production operations is tightly linked to receiving a large budget from the Libyan government to repair the infrastructure, reiterating the need for peace and security for the operations to go on normally.
He also said his plans include operating new fields in Ghadames and Sirte and reopening the fields that had been damaged by the consecutive conflicts since 2015.
Sanalla said that Libya is producing 1.3 million bpd currently after the output hit almost zero levels last September, adding that the NOC must remain autonomous of political work in the country.
