Libya's National Oil Corporation (NOC) announced on Sunday that the country's crude oil production is at 1.229 million barrels per day.

It added that condensate production is at 55,000 barrels per day, according to a statement.

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 2023.

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.