Libya Prepares To Ramp Up Oil Production ...Middle East

After years of turbulence, Libya’s oil industry is finally starting to bounce back, with the production increase that started in December showing no signs of stopping.  Ever since the end of the 2011 Arab Spring uprisings, Libya’s oil sector has been hampered by political instability and economic uncertainty. However, following the signing of a ceasefire agreement in October 2020, the country’s oil and gas industry is set to pick-up once again. Libya is known to have the largest proven crude oil reserves on the African continent,…

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