Atwasat

NOC Chairman Bengdara praises Central Bank support for projects and plans to increase oil production




Alwasat - Cairo Tue 23 May 2023, 07:32 PM
alwasat radio

The Chairman of the Board of Directors of Libya's National Oil Corporation (NOC), Farhat Bengdara, praised the support of the Central Bank of Libya for the corporation with projects and plans to raise production rates in accordance with the vision of the Government of National Unity.

The chairman's praise came during his meeting with Governor Siddiq Al-Kabir, at the bank’s headquarters in Tripoli on Tuesday morning.

The NOC aims to increase Libya's oil production by about 8% by the end of 2023, a level that would raise Libyan oil production to the highest level in more than a decade.

Bengdara told Bloomberg last week that $17 billion in investments across 45 projects would allow the NOC to raise production to 2 million bpd within five years

NOC Chairman Bengdara praises Central Bank support for projects and plans to increase oil production
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