May 9, 2019 / 1:55 PM / 4 months ago

Libya plans to increase oil output from existing fields to 1.4 million bpd this year

DUBAI, May 9 (Reuters) - Libya plans to increase oil output from existing fields to 1.4 million barrels per day (bpd) by the end of 2019 and 2.1 million bpd by 2023, state-run National Oil Corp. said on its website on Thursday.

The company cited a speech by its chairman, Mustafa Sanalla at a conference Houston, in which he also cautioned that the ongoing war in the North African nation could jeopardise the expansion.

Reporting by Maher Chmaytelli; Editing by Kirsten Donovan

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