Libya's Refining Capacity Set to Soar to 400,000 bpd

Libya is planning to boost its crude refining capacity from the current 300,000 barrels per day (bpd) to 400,000 bpd, Libya’s Minister of Oil and Gas Khalifa Abdulsadek has announced. “To maximize exports, you need to keep an eye on the local demand first, as it is increasing for power generation,’’ the minister said. According to Chairman of Libya’s National Oil Corporation Masoud Sulaiman, Libya plans to increase oil output from 1.4 mb/d currently to 2 mb/d in 2028. However, ramping output to that level will require…