Dabaiba stresses need to increase oil production to 2 million bpd during meeting with NOC Chairman

Alwasat - Cairo Thu 04 May 2023, 10:47 PM
alwasat radio

The head of Libya's interim Government of National Unity, Abdulhamid Dabaiba, stressed the need to increase oil production to two million barrels per day according to the National Oil Corporation's (NOC) plan approved by the High Council for Energy Affairs.

Dabaiba’s comments came on Thursday during a meeting at his office with NOC Chairman Farhat Bengdara.

Dabaiba's media office said that Bengdara noted during the meeting that "the plan to stabilize oil and gas production and increase it to 2 million barrels requires the solidarity of all state institutions," while praising the cabinet's decision to approve an exceptional budget for the sector.

Bengdara explained that the exceptional budget for the oil sector “contributed to addressing bottlenecks from which the corporation suffers, whether in the conditions of workers or previous commitments in favor of international companies, and the implementation of a number of developmental maintenance projects to stabilize production”. 

For his part, Dabaiba praised the continuous efforts of the Central Bank of Libya, the Audit Bureau, the High Council for Energy Affairs and the NOC's Board of Directors, in supporting the oil sector and maintaining its stability.

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