Skip to content
Markets
Economics

Libyan Central Banker Pins Revival Hopes on Higher Oil Output

  • Nation needs to up oil production by almost 40% in 2022
  • Aging infrastructure could imperil hopes to boost output
Sadiq Al-Kabir
Sadiq Al-KabirPhotographer: Sadiq Al-Kabir/Bloomberg
Updated on

Sign up for our Middle East newsletter and follow us @middleeast for news on the region.

Libya needs to boost oil output by almost 40% of its current level in order to cover its spending needs and begin revamping an economy battered by a decade of war, the OPEC nation’s central bank governor said.