Libya’s state-owned National Oil Corporation (NOC) is planning to increase the country’s oil production to 2 million barrels per day between 3 to 5 years, announced the company’s chief Farhat Bengdara on Tuesday.
Speaking to SkyNews Arabia at the sidelines of an industry conference in Abu Dhabi, Bengdara also said that he expects this year’s production revenues to reach between 35 and 37 billion U.S. dollars.
He gave assurance that NOC does not expect any disruption in the production of oil and that “there is an understanding that oil should not be used as leverage for political gains”.