NOC: Libya oil production at 1.216 million bpd

Alwasat - Cairo Sun 12 Nov 2023, 11:08 PM
alwasat radio

Libya's National Oil Corporation (NOC) announced on Sunday that crude oil production is at 1.216 million barrels per day.

It added that condensate production is at 54,000 barrels per day, according to a statement.

The NOC also announced that the total domestic consumption of natural gas reached 1.014 billion cubic feet during the past 24 hours.

This comes weeks after NOC Chairman Farhat Bengdara said Libya would be able to pump about 1.3 million barrels per day by the end of this year.

He added that investments of $17 billion in 45 projects would allow the corporation to raise production to two million barrels per day within five years.

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