Middle East Economic Survey
VOL. LII
No 50
14-Dec-2009
LIBYA
Libya Delays Plans To Raise Production Capacity To 3Mn B/D Until 2017
Libya has delayed its plans to boost oil production capacity to around 3mn b/d until 2017 because of budget constraints and the market situation, the Chairman of Libyas National Oil Corporation (NOC) and de facto oil minister Shukri Ghanem said on 5 December. Speaking on the sidelines of the OAPEC meeting in Cairo, Dr Ghanem explained that our plan was to reach 3mn b/d...
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