Petroleum Africa
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Tuesday, October 30, 2018
Libya expects its production to rise to the levels seen during former ruler Muammar Qaddafi’s reign, according to the chairman of the state-run firm NOC, Mustafa Sanalla. To achieve this the country plans to refurbish its pipeline network and raise output at some fields to reach a target of 1.6 million bpd.
Currently Libya is pumping at a rate of 1.25 million bpd.
“We’ve put together a plan to boost field production, including pipeline maintenance and addition of new pipelines,” Sanalla said.He went on to say that the goal was to reach 1.6 million bpd by the end of 2018 and increase from that level.
While NOC officials have sought to increase oil and natural gas output, security issues and lawlessness have plagued the country’s reemergence as one of the continent’s producing powerhouses.
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