Libya Looks To Boost Oil Production Amid Soaring Geopolitical Risk ...Middle East

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Libya Looks To Boost Oil Production Amid Soaring Geopolitical Risk
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After decades of low interest in Libya’s oil and gas sector due to sanctions and the civil war, a possible new chapter could open in 2025. Based on the potential tender by the Libyan National Oil Company (NOC) for 22 onshore and offshore exploration blocks, expectations are high that international oil companies (IOCs) are returning. Despite the current political and security instability, interest in Libya is growing, as evidenced by Spain’s Repsol, which is drilling its first exploration well. The main driver behind the IOC push is…

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