2021-09-05

www.arabnews.com

Libya’s oil output could rise to 2 million barrels per day by the end of 2022 if the industry is given the $1.1 billion it has been allocated in the budget, according to Finance Minister Khalid Al-Mabrouk.

“[Exports] have risen to around 1.2 million barrels per day and I think will continue rising to reach 1.3 million,” Al-Mabrouk told Arab News on the sidelines of the Islamic Development Bank’s annual meeting in the Uzbek capital, Tashkent. “If we continue at this pace, I think we can reach 2 million bpd by the end of 2022.”

Read full article: https://arab.news/57bvm