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Libya reaches 1.6 million b/d output milestone, promises more to come

Libya’s oil production has reached 1.6 million barrels a day (b/d), confirming the country’s output recovery just over a year after civil war shut in its output

But Nuri Berruien, chairman of state-run National Oil Company (NOC), said the country was now seeking to expand output capacity, with targets to produce 2m b/d of crude and 5 billion cubic feet (cf) of natural gas “in the short term”. He did not give an exact time frame. New investment and the activity in the upstream could also add some 20% to the country’s oil existing reserves of 47bn barrels. “Immediately after liberation a great effort was made to restore oil and gas production, oil terminals and refineries,” he said at a conference in Vienna. “We succeeded despite many difficulties and technical and financial hardships.” Exceeding all expectations, he said, output was now at the pre-

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