Nuri A. Berruien

imported 2024-03-17 17:43:07

National Oil Corporation: Libya will be Producing Oil for Another 50 Years

May 21, 2013

Dr. Nuri A. Berruien, Chairman of the Board of National Oil Corporation (NOC), discusses the future for National Oil Corporation, the largest oil company in Libya. With the fall of the Qaddafi regime, “For the first time, we have been operating differently from the past. NOC has greater independence, unlike in the past under the old regime when the government would interfere with the industry and make dictates that are not conducive to a good business environment. This is all gone,” explains Dr. Berruien.

Libya Videos

Oil in Libya: Production to Reach 2 million Barrels by 2015

May 21, 2013

Dr. Nuri A. Berruien, Chairman of the Board of National Oil Corporation (NOC), talks about oil in Libya and oil production in Libya. According to Dr. Berruien, “National Oil Corporation has technically exceeded 1.6 million barrels of oil per day but in actuality we are averaging about 1.5 million barrels of oil per day because of some strikes which are affecting our oil production levels. We have established the capability to produce more than 1.6 million and hopefully by the end of the year, we will be close to 1.7 million barrels per day of oil.”

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