NOC plans to raise production to 2.5mn bl/d within three years, says Chairman Mustafa Sanalla
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
12 December 2025
The federal government is working with Alberta to improve the country’s access to Asian markets and reduce dependence on the US, but there are challenges to their plans
12 December 2025
The latest edition of our annual Outlook publication, titled 'The shape of energy to come: Creating unique pathways and managing shifting alliances', is available now
11 December 2025
The removal of the ban on oil and gas exploration and an overhaul of the system sends all the right messages for energy security, affordability and sustainability
10 December 2025
The economic and environmental cost of the seven-year exploration ban will be felt long after its removal
