Libya plans to raise its oil production to 1.45 million barrels per day (bpd) by the end of this year, from 1.3 million bpd now, Mustafa Sanalla, the chairman of Libya’s National Oil Corporation (NOC), told Bloomberg Television in an interview on Tuesday. Libya will be able to increase its current production by another 150,000 bpd by year’s end, provided that the state oil firm regularly receives its budget and security at oil facilities is not compromised again, according to Sanalla. The targets for the next few years are for Libya to increase production to 1.6 million bpd in two years and to 2.1 million bpd in four years, NOC’s chairman told Bloomberg. Libya surprised many oil market observers, and probably the OPEC+ group itself, after managing in just a few months to restore its oil production back to 1.25 million bpd from less than 100,000 in September 2020. […]