Libya eyes over 2 million bpd of crude output by 2022

The building housing Libya’s oil state energy firm, the National Oil Corporation (NOC), is seen in Tripoli, Libya

The Chairman of the Libyan National Oil Corporation Mustafa Sanallah said Libya aims to raise its oil production capacity to more than 2 million barrels per day (bpd) by 2022.

Sanallah told a conference in Aberdeen on Tuesday that to support this strategy, Libya will be targeting all investment markets.

Sanallah was heading a high-level Libyan delegation to Aberdeen, Scotland, at a forum with British companies and in association with the Libyan-British Business Council and Oil and Gas UK, Reuters reported.

Libya’s current oil production stands at about 1 million bpd.

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