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Thursday, August 20, 2026 11:48 GMT
The National Oil Corporation’s (NOC) Chairman Masoud Suleiman said Libya needs between US$30 billion and US$40 billion in financing to develop its oil and gas resources, noting that more than 60 discovered fields have yet to be developed. In an interview with the Financial Times, Suleiman said the NOC aims to increase oil production from around 1.4 million barrels per day currently to 2 million barrels per day by 2030, describing the target as ambitious but realistic. He added that a lack of...More