NOC looks to boost oil output
On September 26, S&P Global published a report on oil production in Libya, monitoring the recovery of the sector in the midst of the security political turmoil. According to the article, the Tripoli-based National Oil Company (NOC) is looking to attract foreign investments in Libya. Such efforts have already been successful, as French Total announced in March its intention to increase its presence in Libya, the article reports. According to a Rapidan report, the insecurity is unlikely to impact Libya’s oil output :
The reshuffling of alliances around Tripoli in the past few weeks may lead to temporary and occasional blockades and armed clashes around oil infrastructure, but it will not be jarring enough” to stop output averaging at levels of around 1 million barrels per day.
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