Libya's Oil Supremo Expects Output to Reach Qaddafi-Era Levels
- Country targets 1.6 million barrels a day next year: Sanalla
- NOC chief sees gains when BP, Eni restart project next quarter
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Libya, one of the most volatile and politically fragmented oil producers, expects to pump as much crude by the end of next year as it did before the 2011 revolt against former strongman Moammar Al Qaddafi.
The country plans to refurbish its pipeline network and raise output at some fields to reach a target of 1.6 million barrels a day, National Oil Corp. Chairman Mustafa Sanalla said in an interview. The North African nation currently pumps 1.25 million barrels a day, he said in the eastern city of Benghazi.