Increased Oil production in Libya paves the way for ambitious 2025 targets
The National Oil Corporation (NOC) of Libya has announced a significant increase in daily oil production, reaching 1,254,350 barrels, a milestone for the nation's energy sector. Including condensate and gas, the total daily production stands at 1,522,333 barrels of oil equivalent. NOC Chairman Farhat Bengdara aims to increase oil production to two million barrels per day by 2025, emphasizing international collaboration and technological advancements. This increase is expected to enhance Libya's economic position, attract foreign investment, and strengthen its influence in global energy markets.