Middle East Economic Survey

VOL. XLVIII

No 40

3-October-2005

Libya Holds With Aggressive Upstream Expansion Plan But Refinery Upgrades Lag

Libya is holding with its plan to lift oil production capacity to 3mn b/d by 2010 from its present capacity level of 1.8mn b/d, according to National Oil Corporation (NOC) board member Tarik Hassan-Beck. Speaking to MEES in Johannesburg on the sidelines of the World Petroleum Congress, Mr Hassan-Beck said that Libya was at present producing just...