Libya to Lean on Foreign Oil Firms to Fix Rotting Infrastructure
- State energy firm says it’s discussing funding with partners
- Oil facilities ‘really in bad shape,’ says NOC head Sanalla
Libya increased production from almost nothing in September to about 1.3 million barrels a day this month after a truce between warring factions enabled the NOC to reopen many fields and ports.
Source: AFP/Getty Images
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Libya is seeking funding from foreign oil companies to fix its ailing infrastructure after years of war and neglect, the nation’s top energy official said.
The state-owned National Oil Corp. was forced to shut down a leaking pipeline on Saturday, which cut the OPEC member’s crude production by around 200,000 barrels a day.