21 Hrs
Source:
بوابة الوسط
Oil Firm and Bank Negotiate Infrastructure Funding
The Libyan Oil Corporation and the External Bank discussed ways to finance infrastructure projects in the oil sector, with the aim of supporting plans to increase production and strengthen the national economy. The meeting addressed financing mechanisms for developing infrastructure projects, expanding storage capacities, and improving operational efficiency of sector facilities, with a focus on supporting efforts to raise production from the current 1.2 million barrels per day to 1.5 million barrels by mid-2027. The importance of financial investments to achieve these goals was emphasized, with the corporation's operational budget estimated at 13 billion dinars.
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