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Message: Libya to invest US$42bn in oil and gas sector

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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