and now attacks by ISIS militants, have hurt the industry

Libya is seeking to boost its crude production after rival leaders agreed in July

to unify the state oil company under single management

With me to discuss the country's oil industry is Mustafa Sanalla, chairman of Libya's National Oil Corporation

Thank you for joining me

Thank you

Libya has lost huge sums from the lack of production. Are you able to give us a sense of how much Libya has lost?

As a chance of losing the XXXX oil is around 100 billion US dollars

NOC's working with international oil companies, like Total, Eni, Marathon, Hess, OMV, Repsol, all these companies

So the total loss is around 100 billion US dollars. But we have another loss that's not calculated

is how much time we are going to make rehabilation, and how much we're going to invest

to make rehabilitation to bring back the production to the normal levels

Libya's production now stands at around, is it around 200 thousand barrels a day?

Exactly, yes

And that's hugely down from what it traditionally was at, you know, several years ago, 1.4 million barrels a day

The Petroleum Facilities Guard which are effectively another militia group, you've said in the past they've been standing in the way

of getting Libyan production up. Are they still a problem for you?

Yeah, we still have a problem. This group of people supposed to protect the oil facilities

They said they are blockading the oil facilities, and preventing NOC from producing oil and exporting the oil

Some areas in Libya are safe, and there's no problem. There's no harm of protesting or blockading the XXX or the oil fields

so we need money here, especially in the eastern part of the country

For the middle part of the country, we need both. We need financing, and also we need security

Also in the west part of the country, recently the oil fields are blockaded

More recently, since the start of the year, ISIS has become a problem for Libya

What damage has ISIS caused to Libya's oil facilities?

Are they the main problem now, or still the Petroleum Facilities Guard?

No, for the time being, they are not a problem at all. They are in war now with the army xxx

but in the past, especially in the last year, beginning with this year, they were behind damaging the oil facility

especially in Mabruk oil field, XX, and Zahara (?), and Zened (?) oil fields

But I think the problem is not ISIS. The problem is the Petroleum Facility Guards

They're supposed to protect the oil facility. They are saying, they're claiming the Petroleum Facility Guard

They have 27 thousand soldiers. On the ground, there are only very few

Unification of the National Oil Company, you said at the time removed an obstacle for the unification of Libya's rival government

Where are we on that path and will we get there?

We unified both the institution, now only one after July 2, we signed the agreement

I think it is true that NOC is keeping the country united. If the NOC is fragmented, I think this would be very difficult for the country to revive again

to get out of this conflict. RIght now, NOC is united and NOC is keeping the country united

Thank you very much