(@ChaudhryMAli88)VIENNA (UrduPoint News / Sputnik - 06th July, 2023) Libya plans to increase oil production by 2 million barrels per day in a three-to-five years term, Libyan Oil and Gas Minister Mohamed Oun told Sputnik on Wednesday. "The Libyan Government of National Accord has allocated significant sums to increase (oil) production from 1. 2 million barrels (per day) � this is what is being produced now � to 2 million barrels (per day)," Oun said on the sidelines of the OPEC International Seminar in Vienna. He added that it would take three to five years to increase oil production.