Libya Oil Boss Vows to Up Production, Work With Unity Government

  • The NOC is not a ‘political chip,’ says Chairman Sanalla
  • Aims to raise daily output to 1.45 million barrels this year
WATCH: Libya’s Mustafa Sanalla sees production rising to 1.45 million barrels per day.Source: Bloomberg)
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Libya’s state energy company said it would increase oil production and vowed to remain politically neutral as a unity government seeks to stabilize the war-torn OPEC member.

The National Oil Corp. “stands ready to work with the new government, while also keeping out of politics,” Chairman Mustafa Sanalla said in a Bloomberg Television interview. “It’s very important to keep the NOC apolitical. It’s not a political chip for anyone.”