Libya Seeks $36–40 Billion in Foreign Investment to Raise Oil Output to 2 Million Barrels Daily

Source Summary

Libya requires between $36 billion and $40 billion in foreign investment to expand its oil industry and increase production to 2 million barrels per day by the early 2030s, according to National Oil Corporation chairman Masoud Suleman. The country, heavily dependent on oil revenues, has made boosting production to this level a priority.