Skip to content
Subscriber Only

Libya to Nearly Double Oil Output as OPEC’s Task Gets Harder

  • Country targets about 1.1 million barrels a day in 2017
  • Planned boost highlights challenge to OPEC’s accord on cuts
Video player cover image

OPEC Expands Push to Secure Production Cut Deal

OPEC’s Libya plans to almost double crude production next year even as the producer group tries to implement a deal to trim production and ease a global supply glut.

The country with Africa’s largest crude reserves currently produces 600,000 barrels a day, state-run National Oil Corp. Chairman Mustafa Sanalla said in a statement posted on the company’s website. It’s seeking to boost output to 900,000 barrels a day by the end of 2016 and about 1.1 million barrels next year, he said.