NOC Chairman: Bundle Needed to Overhaul Libya’s Energy Infrastructure

published:15/11/2018 11:06 GMT

Libya needs up to US$60 billion in investment to revive its energy industry, with US$40 billion required to raise refining capacity to a million barrels per day, with the remainder being channelled over the next five years in development of upstream infrastructure, the chairman of Libya’s National Oil Corporation said. "For the next five years US$20 billion is required [upstream], for downstream we have to validate the study with Wood Group. So total requirement would be US$60 billion,”...More