TRIPOLI: Libya will ask to increase its oil output quota in the Organization of the Petroleum Exporting Countries (OPEC), Oil Minister Abdelbari al-Arusi said on Monday.
He reiterated that current Libyan oil production stood at around 1.5 million barrels per day.
"We will ask to increase our production quota," Arusi said at the Oil and Gas Summit 2013 in Tripoli, without giving further details.
He said Libya, with Africa's largest reserves, would offer new exploration concessions but did not give a timeframe.
"We are determined to have new concessions after the necessary studies are done," he added. (Reuters)
