La National Oil Corporation Libya's (NOC) said yesterday, Friday, that its Al Waha subsidiary managed to increase its production by 40.000 barrels per day, from October 2022. The well was completed and tested with satisfactory results in excess of three thousand barrels. Noc is carrying out various projects to increase oil production in the country that is a member of the OPEC oil cartel from the current 1,2 million barrels per day to 1,4 million barrels per day by the end of 2024, and then rise to 2 million barrels during 2025. The field of which Eni is the operator extracts over XNUMX thousand barrels of oil of a quality low in sulfur and very easy to refine. The country, in fact, imported around 14,5 million tonnes of crude oil, down by 3,3, 2023 percent compared to the same period in 38.

Source: Libya Today June 01, 2024 10:14 UTC