The Prime Minister of the National Unity Government , Abdul Hamid Dbeibeh, launched on Wednesday evening the national plan to develop the oil and gas sector, which aims to raise production rates in oil and gas.

Dbeibeh explained that the Council of Ministers of the National Unity Government issued Resolution N° 154 of 2022 regarding the formation of a committee to work on overcoming the obstacles facing the oil sector to achieve the target to initially increase production to reach one million and 400 thousand barrels per day during this year and to reach higher rates in the three coming years. 

He added that this decision came in the interest of the National Unity Government over oil, the almost only source of income for the state, and in the interest of its production rates, coinciding with the rise in its global prices, and contributing to covering the global deficit in oil production due to the crises the world is witnessing.

The Prime Minister of the National Unity Government indicated that the committee included all relevant state institutions from the Ministry of Finance, the Ministry of Planning, the Ministry of Civil Service, the Central Bank of Libya, the Audit Bureau, the National Oil Corporation and all its subsidiaries.

The committee’s recommendations were summarized by allocating a budget to the National Oil Corporation and its companies that would enable it to pay its accumulated obligations and launch production-increasing projects, in addition to addressing the financial conditions of workers in the sector and making settlements due to them.