Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Related Articles
Libya’s NOC sees E&P optimism through the anger
North African producer hopeful of bringing in IOCs despite the disagreements over terms as latest bidding round is launched
Hydrocarbon Processing Refining Databook 2025: Middle East & Africa
The Middle East is focusing on modernisation and expansion projects, while Africa is seeking to reduce its imports of refined products
Libya’s armed oil industry takeover
Booming crude production has been met with international caution after the UN’s damning assessment
Iran and Libya supply fortunes highlight market risks
The impact from Libya’s lost barrels versus the threats to Iranian supply highlight the type of buffer in the oil market and the demand implications
Chaos the new normal for Libya’s oil sector
Hopes for a recovery by the North African oil producer remain in tatters
Outlook 2024: Libya ready for investment
New strategic plan includes significant investment in oil and gas
Libya’s upstream promise still hamstrung by instability
But the troubled north African nation is not short of international investment interest
Libya targets 2m b/d oil before 2030
Oil minister Oun sends out cautiously optimistic message on oil and gas outlook and says pilot project ready to unlock huge shale reserves key to further growth
Explorers return to Libya despite fragile security
Peace means progress for Libya’s upstream, but disruption is never far away
Eni makes strategic gamble with Libya gas project
Despite previous security concerns, Eni enters JV with Libya's NOC for major hydrocarbons development
NOC plans to raise production to 2.5mn bl/d within three years, says Chairman Mustafa Sanalla
Libya
Chris Stephen
14 June 2021
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Libya boosts output target

Relative stability is bolstering the North African nation’s rehabilitation programme, although significant investment challenges remain

Libya has increased its projection for increased oil production to 2.5mn bl/d, amid confidence it can renovate existing fields and find partners to develop new ones. Previously, Libya’s National Oil Corporation (NOC) had hoped to raise production, now hovering around 1.1mn bl/d, to 2.1mn bl/d within three years. But NOC chairman Mustafa Sanalla told June’s Libya Investment Forum, co-hosted by Petroleum Economist and the Libyan British Business Council (LBBC), that he hopes to go further. “The NOC has put together an ambitious plan to increase production to 2.5mn bl/d,” says Sanalla. “Huge investments are needed for execution of this ambitious project to meet our new production targets.”

Also in this section
California refiners dreaming of heyday
17 July 2025
US downstream sector in key state feels the pain of high costs, an environmental squeeze and the effects of broader market trends
Mars attacks US oil industry
16 July 2025
Crude quality issues are an often understated risk to energy security, highlighted by problems at a key US refinery
Bleak times for UK North Sea
15 July 2025
Government consultations on the windfall tax and the exploration licence ban are positive steps, but it is unclear how long it will take for them to yield tangible outcomes
Letter from Austria: OPEC delivers wake-up call
Opinion
15 July 2025
A brutally honest picture about the potential role of oil and gas in 2050 should prompt policymakers to not only reflect but also change course to meet vital energy needs

Share PDF with colleagues

Rich Text Editor, message-text
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Rich Text Editor, txt-link-message
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search

  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search