Libya’s energy industry is on track to get enough money from the government for the Opec member to sustain its crude production throughout the year, according to the new oil and gas minister. The country, which has been in civil war for about a decade, swore in its first unity government in about seven years this month. Politicians also approved a budget that allocates $1.6bn – the biggest portion of development spending – to the state oil company. “There is a reasonable allotment of funds for oil-sector activities,” Mohamed Oun, who was appointed Libya’s first oil minister since 2014, said in an interview. “We believe it may suffice for the remaining 10 months of 2021.” The National Oil Co
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