By Bisola Adeyemo
Libyan government has announced its plan to boost the country’s oil and gas production over the next five years.
Libya Minister of Gas and Oil, Mohamed Aoun, who announced this on Monday said oil and gas production has been one major source of Libya’s revenue.
However, the sector has suffered over the past years from armed conflict and closures of oil fields and ports, xhinua said.
The minister said “We plan to increase oil production to 2.1 million barrels per day and natural gas production to about 4 million cubic feet per day over the next five years,” Aoun announced at the Libya Energy and Economic Summit held in the capital Tripoli.
“We encourage the investment and good use of the oil wealth,” the minister added.
Moreover, Aoun said that Libya also seeks to increase refinery capability and make use of alternative energies, in addition to making regional cooperation and investment a priority.
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