Libya plans to increase oil output from existing fields to 1.4 million bpd this year


Reuters | Updated: 09-05-2019 19:47 IST | Created: 09-05-2019 19:22 IST
Libya plans to increase oil output from existing fields to 1.4 million bpd this year
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  • Country:
  • Libya

Libya plans to increase oil output from existing fields to 1.4 million barrels per day (bpd) by the end of 2019 and 2.1 million bpd by 2023, state-run National Oil Corp. said on its website on Thursday.

The company cited a speech by its chairman, Mustafa Sanalla at a conference Houston, in which he also cautioned that the ongoing war in the North African nation could jeopardise the expansion.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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