Tripoli-based National Oil Corporation (NOC), the state company in de facto control of Libya’s oil sector, has targeted production of more than 1mn b/d by the second half of 2016, according to a senior official at the company. Achieving such a target, whilst not impossible, would rely on a succession of developments that still appear remote.

According to the NOC official, the state company is targeting production of 760,000 b/d by the end of March, increasing to 1.015mn b/d by...