Middle East Economic Survey
VOL. LII
No 21
25-May-2009
LIBYA
NOC Hints At 700,000 B/D Reduction In Output Target
Libyas National Oil Corporation (NOC) outlined plans to hike oil production to 2.3mn b/d between now and 2013, at a meeting of the General Peoples Committee on 19 May. But the production target is significantly lower than previously envisaged. Libya has a current capacity of around 1.8mn b/d, and last year NOCs Chairman Shukri Ghanem said this figure would rise to 3mn b/d by 2012....
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