NOC Chairman Sees Rise in Libya Production

published:22/10/2018 06:32 GMT

BP Plc and Eni SpA could re-start work on a project in Libya in the first quarter, setting the stage for the OPEC member to boost production by “hundreds of thousands of barrels” a day, the head of the country’s state oil company said. Crude production in the North African nation is averaging “well above 1 million barrels a day despite local security challenges,” National Oil Corp. Chairman Mustafa Sanalla said over the weekend in a written response to questions. He expects BP and Eni to...More