Libya oil production will reach normal level in the near future

Libya's “National Transitional Council” Executive Committee Minister of Petroleum and Economy Ali Talhouni said in Qatar’s capital Doha on the 13th that Libya is building up oil at full capacity and its production capacity will reach normal levels in the near future.

Talhouni, who participated in the 13th Ministerial Conference of Natural Gas Exporting Countries Forum, told reporters that Libya need not worry about oil sales because Libya’s oil has always been favored by the market and a large number of consumers are looking forward to obtaining Libya’s oil import quota. .

Tarhuni said that the "National Transitional Council" will not give any form of privilege to any company that is engaged in the production and operation of oil in Libya, and it will be decided by the elected parliament and the government.

According to officials of Libya's National Oil Company, who attended the meeting with Tahluni, Libya’s daily oil production has reached 600,000 barrels, of which 140,000 barrels are for domestic smelting and 460,000 barrels are for export. The daily output of Libya is expected to reach 800,000 barrels by the end of 2011. By the end of 2012, Libya’s oil production will reach the scale of 1.7 million barrels before the war.

Libya is one of the official members of the forum for natural gas exporters. The 13-day Ministerial Conference of the 13th Natural Gas Exporting Countries Forum closed in Doha on the same day.

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