Oil Majors Keen On Libya’s Untapped Potential ...Middle East

Following the failed Presidential elections of December 2021 and its negative impact on the oil and gas industry, Libya’s oil production started to get back on track in the second half of 2022, aimed at boosting production in line with high global demand and elevated prices. And things are looking up for 2023, with increased foreign investment in Libya’s oil and gas sector, as well as support from the IMF. The government hopes to improve national industry standards to meet international expectations through its new strategic plan, helping…

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