Libya to increase oil production level to one million barrels per day
Azerbaijan, Baku, Nov. 24 / Trend, A.Taghiyeva, S.Isaev /
Libya plans to increase oil production to one million barrels per day within 2 months, Al Arabiya reported.
"As of now, 700,000 barrels of oil are extracted per day. It is planned that this will be increased from the current volume to one million barrels per day within 2 months," the head of Libya's National Oil Corporation (NOC) Nuri Berruien said.
Berruien stressed that NOC plans to increase oil extraction level to the highest level at 1.6 million barrels per day, which, can be achieved in the first months of 2012.
He added that the work is being carried out on the development of destroyed oil wells.
Speaking of gas, Berruien said, that the main importer of Libya's gas is Italy, which receives about 500 cubic meters of Libya's gas per day.
Libya produces more than 500,000 barrels per day at present or a third of its pre-war levels. Production is expected to grow to half of pre-war levels next month and return to full capacity by late 2012 or early 2013.