Libya Targets 1.2 Million bpd by August

Libya. oil. Bigstock (1)

Now, the state-owned entity is prioritizing production increases, with Libya well on its way to realizing its 1.2 million bpd oil output objectives.

The time for such an increase could not be better. With the Russia-Ukraine conflict ongoing, global demand for hydrocarbons is soaring, with Libyan reserves offering a critical solution to balancing oil prices, stabilizing energy supply and bringing much-needed security worldwide.

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Onur Yilmaz

Onur Yilmaz

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