0
 

Libya’s NOC defies uncertainty with bold investment plan


Map
Issue 405 - 05 Dec 2019
National Oil Corporation (NOC) chairman Mustafa Sanalla has unveiled a $60bn five-year investment plan to increase crude oil production from 1.25m b/d now to 2.1m b/d by 2024 and gas output to 3.5 bcf/d. Speaking at the Libyan British Business Council in Tunis on 26 November, he said that LYD15bn ($10.5bn) would come from state budgets and the remaining 80% from strategic investors.

Subscribe to African Energy

View subscription options

This newsletter is available to subscribers or registered users that have purchased it

Login

Don't have an account?

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map

Register