Maiteeq: Considerable budget to be announced in Libya

News In Brief

Maiteeq: Considerable budget to be announced in Libya

October 21, 2020 - 22:19
Written by: RabiaGolden

Deputy Chairman of the Presidential Council (PC), Ahmed Maiteeq, told Reuters that there will be a unified budget shortly in Libya, suggesting that the budget of the Government of National Accord (GNA), will work out at between 45 and 48 billion dinars.

Maiteeq added that Libyan oil production is currently 500 thousand barrels daily; noting that oil production will reach 550 to 560 thousand barrels per day by the end of October and one million barrels per day by the end of 2020.

He described the unified budget as the mainstay of his agreement with Haftar, in order to resume oil production.