Libya hopes to double its oil production to 2.1 million barrels per day (bpd) by 2021 if the security situation of the country improves, chairman of its state oil company says.
The conflict-stricken country has numerous security problems to tackle, but things are likely to improve soon.
According to the NOC Chairman, Mustafa Sanalla, Libya’s output currently stands at 930, 000 barrels per day. This is however less than its pre-civil war capacity of 1.6 million bpd.
Sanalla called for the improvement of workers’ security to allow production to resume at the 315,000
He said, “What happened in Sharara discourages foreign companies,” said Sanalla, who announced a visit to China in the first quarter of this year to discuss oil investment opportunities.
The NOC Chairman further confirmed the upcoming return of BP to Libya along with Russian companies, without giving further details.