Highlights Crude output 1.28 million b/d, a five-year high Aims to produce above 2 million b/d by 2022 Algiers — Libya’s crude oil production has hit a five-year high, bringing badly needed revenue to the violence-wracked country, but further gains will depend on stabilizing security and attracting foreign investment, the chairman of state-owned National Oil Corporation told S&P Global Platts. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Libya is pumping 1.28 million b/d, its most since August 2013, and still harbors ambitions of boosting output beyond 2 million b/d by 2022, Mustafa Sanalla said in an interview after attending Sunday’s OPEC/non-OPEC monitoring committee meeting in Algiers. “If the security situation improves, our production outlook is very good,” he said. Talks with several international oil companies regarding increasing production, staffing, and investment across the country were progressing, he added. The chairman said he recently visited […]