The NOC said on its official Facebook page that the Zueitina Oil Company has successfully completed trial tests for the field, and one of the wells has been placed on the production line, and a group of wells will follow, pending production from the field. reach 3,000 barrels per day before the end of the year.
The Libyan authorities are racing against time to increase daily oil production to 2 million barrels per day over the next five years, thanks to the realization of investment projects pumped by the companies “Eni” and “Total”.
Libya aims to increase its crude oil production in the remaining six months of this year to 1.3 million barrels per day, an increase of 96,000 barrels from the current rate of just over 1 .2 million barrels.
Libya has oil reserves of 48 billion barrels of oil, in addition to the presence of shale oil, the investment of which will increase the reserves to 70 billion, according to the Libyan consultant in the oil and gas sector, Abdul Jalil Al- Mayof.
Libya is currently experiencing a rapid recovery in the energy sector. Exceeding its daily production volume of 1.2 million barrels in 2022, according to the African Energy Chamber, which linked this to the recent change in the Oil Corporation’s board of directors, expecting a stable volume of production this year.
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