Arab Today, arab today libya noc targets 172mn bpd oil by endmarch
Last Updated : GMT 10:54:55
Arab Today, arab today
Arab Today, arab today

Libya NOC targets 1.72mn bpd oil by end-March

Arab Today, arab today

Arab Today, arab today Libya NOC targets 1.72mn bpd oil by end-March

Tripoli -Arabstoday

Libya’s National Oil Corp (NOC) aims to boost oil output to 1.72mn bpd by the end of March next year, its chairman said yesterday, but warned of the risk that strikes could interrupt production. Opec member Libya has lifted production much faster than analysts had expected after last year’s civil war to a current level of around 1.6mn bpd.But in recent months activists and local militia have sought to pursue political aims by disrupting operations in Libya’s main industry and in July forced the closure of three major oil terminals. “We had some drops in production. Welcome to democracy and freedom of expression. We had strikes and we expect more of that, but it is a healthy thing,” NOC chairman Nuri Berruien said at the North Africa Oil and Gas Summit. He added on the sidelines of the conference that protests at the Zawiya refinery near Tripoli earlier this week had forced a one-day shutdown at the 200,000 bpd El Sharara field. The refinery also was halted due to the protests and has resumed operations, according to a refinery spokesman. Berruien said future rises in oil production would mostly come from existing fields. Libya will aim to boost production to 2.2mn bpd within five years, he said. “We strongly believe a large amount of our future oil can be in already targeted mature fields,” he said, adding that high oil prices and technological advances created a favourable environment. He said the country also would explore its potential to produce unconventional gas, such as shale. NOC plans to proceed next year with Libya’s fourth licensing round, known as the Exploration Production and Sharing Agreement (EPSA), Berruien said without providing details. Investing in new refining capacity will also be a priority for the NOC, he added. Despite being one of Africa’s top oil producers, Libya relies on imports for around three quarters of its gasoline consumption.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today libya noc targets 172mn bpd oil by endmarch Arab Today, arab today libya noc targets 172mn bpd oil by endmarch

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today libya noc targets 172mn bpd oil by endmarch Arab Today, arab today libya noc targets 172mn bpd oil by endmarch

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Writing's on the wall for Trump, Zuckerberg

GMT 09:05 2017 Thursday ,19 October

Writing's on the wall for Trump, Zuckerberg
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Hussein Fahmy happy for honoring in festival

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday