Farhat Bengdara, chairman of Libya’s NOC on 15 February reiterated the organization’s strategic plan of hitting 2mn b/d output “within three to five years” versus the current 1.2mn b/d.

Whilst it’s safe to say that this is not going to happen, some good news came in the results of Spain’s Repsol the following day. (CONTINUED - 249 WORDS)