Libya’s National Oil Company (NOC) plans to increase the country’s oil production to 2 million barrels per day over the next five years, company chief Farhat Bengdara announced Tuesday (photo, top, by Anadolu).
Pipelines with Greece and Egypt
In an interview with SkyNews Arabia on the sidelines of an industry conference in Abu Dhabi, Bengdara also said he expects production revenue this year to reach between US$35 billion and US$37 billion.
He assured that the NOC does not expect any interruption in oil production because “there is an understanding that oil should not be used as a lever for political gains.”
He, in another interview with the Dubai TV station CNBC Arabiya, said that the creation of two new natural gas pipelines is under consideration. One will head to the Egyptian city of Damietta and the other to Greece.
Libya's National Oil Corporation is examining a project proposal of creating two gas pipelines to connect with #Greece and the Egyptian city of #Damietta, NOC chief Farhat Bengdara tells CNBC Arabia
The #Libya Update pic.twitter.com/JM9LoJ3B6i
— The Libya Update (@TheLibyaUpdate) November 1, 2022
He also said that these pipelines will operate in parallel with the existing one to Italy and did not rule out the possibility that his country would request to join the Eastern Mediterranean Natural Gas Forum (EMGF), in which the countries of the region participate (Egypt, Greece, Cyprus, Israel, Italy, Jordan, Palestine are the founding members) excluding Turkey.
And he added, among other things, that NOC is going to sign with Italy’s Eni investments in the order of 8.6 billion dollars for research in fields in the Mediterranean and western Libya.
Haftar threatens
After a month of silence, Marshal Khalifa Abu al-Kamim Haftar, took a stand on the recent agreement signed by Ankara with Libya’s interim prime minister Dbeiba, and attacked Turkey, which he described as a colonial Ottoman Empire, backward, unfair, hateful and despicable.
بعد صمت دام شهر.. القائد العام المشير خليفة أبو القاسم حفتر يهاجم الاتفاقية البحرية، ويصف #تركيا بالدولة العثمانية المستعمرة المتخلفة الجائرة البغيضة اللئيمة. pic.twitter.com/GiQ6RHimYU
— ليبيا لايف (@libyalive218) November 1, 2022
On the occasion of his visit to Al Jufra, he emphasized that remarkable chapters were written in the region against the colonial, backward, unjust and hated Ottoman, with caravans of martyrs.
He added: “We will fight those who put their soldiers and mercenaries on our land, greedy for our wealth, taking advantage of the extraordinary circumstances our country is going through, to make shameful deals with traitors and agents, who sold the homeland and their honor for power and money.
“My sons and I crave death more than life, that our beloved Libya may remain free and proud, and that we may defend her borders, by land, sea, and air, with our soul and blood, this earth is our life.
Egypt is more interested
Moreover, the head of the Foreign Affairs Committee of the Libyan Parliament, Khaled al-Akouri, supported Egyptian Foreign Minister Sameh Shoukry’s statements against the Libyan interim government based in Tripoli, saying that Egypt is more interested in Libya than some Libyans.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Fitch Ratings Upgrades the Four Greek Systemic Banks
NBG’s upgrade reflects the bank’s ongoing improvements in its credit profile, Fitch notes in its report, including strong profitability, a reduction in non-performing exposures (NPEs), and lower credit losses
Trump to Announce Sweeping New Tariffs Wednesday, Global Retaliation Expected
With Trump's announcement just hours away, markets, businesses, and foreign governments are bracing for the fallout of one of the most aggressive shifts in U.S. trade policy in decades.
Inflation in Greece at 3.1% in March, Eurostat Reports
Average inflation in the eurozone settled at 2.2%, compared to 2.3% in February
Greece’s Unemployment Rate Drops to 8.6% in February
Despite the overall decline, unemployment remains higher among women and young people.
Jerry Kalogiratos Highlights Key Role of Energy Transition and Data Demand in LNG Outlook
Energy transition and the prospects of LNG were discussed at Capital Link’s 19th Annual International Maritime Forum, during a panel discussion with Jerry Kalogiratos (Capital Clean Energy Carriers Corp.)
Santorini Safe and Ready for a Dynamic Tourism Season
Authenticity, cultural heritage, and genuine experiences at the center of Santorini's new promotional campaign
Electricity Bills: Greece Announces Reduced Tariffs Schedule
Greece will now offer lower electricity rates between 11:00-15:00 and 02:00-04:00
Chevron Confirms Eyeing Natural Gas Exploration South of Crete
Chevron recently declared its intent to explore a third area, south of the Peloponnese.
Evangelos Marinakis: A time of change from which shipping can benefit
Speaking at the 19th Annual Capital Link International Shipping Forum Evangelos Marinakis stressed the challenges that shipping faces today
Retail Trade in Greece Up 2.5% in December 2024: ELSTAT
In January 2025, the General Turnover Index recorded a 2.5% increase compared to January 2024. Compared to December 2024, it recorded a significant decline of 18.4%
![Τουρκία: Μεγάλες βλέψεις για παραγωγή ηλεκτρικών οχημάτων [γράφημα]](https://www.ot.gr/wp-content/uploads/2025/03/ot_turkish_autos-90x90.png)
![ΕΛΣΤΑΤ: Αυξήθηκε η οικοδομική δραστηριότητα κατά 15,6% το Δεκέμβριο [πίνακες]](https://www.ot.gr/wp-content/uploads/2025/03/DSC9655-2-1024x569-1-90x90.jpg)
