(@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.

Source: Libya Today July 06, 2023 02:36 UTC