Al -Waha Oil Company has registered its highest oil production in more than 11 years, according to what the National Oil Corporation (NOC) announced on Wednesday.
The daily production of the company reached 350.549 barrels of crude out of 1.380.470 barrels produced during the past 24 hours, according to a statement issued by the NOC, which added that the production of gas in Libya reached 198.190 barrels, considering these numbers as evidence of an upward increase in production.
The NOC said it wanted to prepare an operation plan to increase production that would extend from three to five years, at a time when it hoped to raise production to 2 million barrels per day before the end of next year. It said that the chairman of its board of directors, Farhat Bengdara, was directed to prepare the plan, during a meeting of the board and the directors of departments.
It stressed the importance of setting a clear roadmap to achieve long -term goals, and reviewing the strategy of the companies affiliated with the NOC, to be compatible with the operational plans, while Bengdara called for guaranteeing the compatibility of the basic corporate strategies with their directions, and enhancing their integration with operational plans.
