Libya’s NOC plans to forge ahead with oil investment regardless of politics. A further output hike looks feasible. But there remains plenty of scope for reversals.

Libyan oil output hit a two-year high of 715,000 b/d on 22 January. But the country’s National Oil Corporation (NOC) has run out of patience with the leadership vacuum in the country at a time when the need for economic development is pressing, the organization’s chairman Mustafa Sanallah told MEES on 24 January...