Analysts at Rapidan Energy have said that up to 700,000 b/d of Libyan output still remains at risk for the next few months but that these outages will only last days to weeks as stable oil production is a key requisite for a political solution in Libya. Libyan crude oil production has reached a 30 - year high , yet further increases depend on stabilizing security and foreign investment , according to chair of state - owned National Oil Corporation ( NOC ) , Mohamed Ali . The country is currently producing one million bpd and wants that figure to reach two million by 2022 . NOC is negotiating with several global oil firms about increasing production and investing , such as France 's Total which previously agreed to buy a share of the Waha concessions for $ 450 m . The deal has been delayed due to worsening violence in the country , with NOC ’s headquarters recently attacked and several employees killed .
Libyan crude oil production has reached a 30 - year high , yet further increases depend on stabilizing security and foreign investment , according to chair of state - owned National Oil Corporation ( NOC ) , Mohamed Ali . The country is currently producing one million bpd and wants that figure to reach two million by 2022 . NOC is negotiating with several global oil firms about increasing production and investing , such as France 's Total which previously agreed to buy a share of the Waha concessions for $ 450 m . The deal has been delayed due to worsening violence in the country , with NOC ’s headquarters recently attacked and several employees killed .