NOC aims for 2 million barrels per day

Dr. Farhat Bengdara, Chairman of the National Oil Corporation (NOC), met with Prime Minister Abdul Hamid Dbeibah on Monday to discuss the progress of the NOC’s ambitious plan to significantly increase Libya’s oil and gas production.

The plan targets a production rate of 2 million barrels per day of crude oil and condensates by next year.

During the meeting, Dr. Bengdara detailed ongoing development projects across various oil fields aimed at achieving this goal.

He highlighted the NOC’s commitment to maximizing production capacity and ensuring the stability of Libya’s vital oil sector.

Prime Minister Dbeibah expressed his appreciation for the tireless efforts of the NOC and its workforce across all oil sites.

He reiterated his government’s full support for the NOC’s initiatives to boost production and maintain stability in the sector, crucial for the nation’s economic recovery.

The Prime Minister emphasised the importance of continued implementation of oil development plans, stressing the need to optimise the utilisation of Libya’s natural resources to fuel national development and prosperity.

This ambitious production target, if achieved, could significantly impact Libya’s economy, providing much-needed revenue for infrastructure development, public services, and job creation.

The NOC’s plan represents a crucial step towards realising the country’s full potential in the global energy market.