Exclusive interview with Libyan NOC chairman Mustafa Sanallah:
London hub to play central role in Libya's oil expansion, and will award hundreds of millions in consulting and services contracts to British companies
thetimes.co.uk/article/london…
London hub to play central role in Libya's oil expansion, and will award hundreds of millions in consulting and services contracts to British companies
thetimes.co.uk/article/london…
It dips every now and then, but production has risen to about 1.3 million barrels a day. Several more fields will be refurbished or go on line by April, adding about 80,000 bpd and raising production to 1.4 million, Sanalla said.
But a dilapidated infrastructure has placed a ceiling on production.We reach 1.3 million barrels a day, and then sometimes we return to 1.2 million and 1.25 million barrels a day, because we are always doing maintenance repairs. The ceiling is a big problem for us” Sanalla said
The NOC is holding meetings with Total, the French company that has interests in several Libyan concessions. “Total want to invest,” he said. “They look at the Libyan market as a promising market.” #OOTT #Libya
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