Prime Minister Abdul Hamid Dbeibah has emphasized the importance of monitoring the plan to increase oil production to achieve the target of two million barrels within the established timelines.
Dbeibah's remarks came during a meeting he chaired on Monday, grouping several officials, including the heads of the National Oil Corporation, the Audi Bureau, and the Administrative Control Authority.
To ensure transparency and efficiency, the PM stressed the importance of disclosing all expenses and projects being implemented, and monitoring the companies affiliated with the institution.
For his part, the Chairman of the National Oil Corporation, Farhat Bengdara, confirmed that the production will exceed 1.5 million barrels by the end of 2025 and reach two million within three years. However, he highlighted that ongoing projects require continuous financial flows to achieve the necessary productivity.
Meanwhile, the President of the Audit Bureau, Khalid Shakshak, called for adopting a three-year or five-year budget, considering that sector projects are executed over the years. He also noted that adopting an annual budget would not be practical in terms of monitoring or achievement.
During the session, the head of the Administrative Control Authority, Abdullah Qaderboh, highlighted the need for collaboration between executive and oversight bodies and the Central Bank of Libya to support the NOC in increasing oil and gas production.
According to the "Hakomitna" platform, the meeting also discussed the development of oil discoveries by the Waha Company with foreign partners and reviewed the technical report of the committee tasked with studying the agreement to develop oil and gas discoveries in the Ghadames Basin.
