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Message: Re: Libya to invest US$42bn .....DBNC

This is the quote you are referring to. Increasing from 2.0 million bpd to 2.3 million bpd would leave us this the 300,000 bpd. Time will tell. I have a call into the Big man to hopefully get some insight as to when we may hear something. I will post if i do hear back from him.



“We produce 1.5 million bpd because of the OPEC production cuts, but our capacity is actually 2 million bpd. We are working to improve our capacity to reach 2.3 bpd by 2012 and 3 million bpd by 2015” said Dr Ghanem.




Babs

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