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Minister of Oil and Gas: Libya’s Output Could be Raised to 1.6 Million BPD if it Get Needed Budget.

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Tripoli, 30 July 2021(Lana) Minister of Oil and Gas Mohamed Oune said ‘Libya could raise its oil output to 1.6 million by mid-2022 if it gets the need financing.

In press interview, Oune said the Government of National Unity has so far offered emergency funding of LD 1.48 billion for the national Oil Corporation pending approval of 2021 state budget to increase the support.