LIBYA NEED INVESTMENT $60 BLN
PLATTS - Libya's state National Oil Corp. is targeting a $60 billion overhaul of its oil and gas sector as it strives to reach a pre-civil war output level of around 1.6 million b/d by the end of this year.
During an interview on the sidelines of the JCCP International Symposium in Tokyo last week, Shaaban Bsebsu, chairman of Ras Lanuf Oil & Gas Processing Co., said Libya is producing around 1 million b/d of crude and aims to boost output to around 1.6 million b/d this year after overcoming technical and security challenges.
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