The Slow and Steady Revival of Libya's Oil and Gas Sector

Over a decade since the Arab Spring and the civil war that followed, Libya has opened its doors back up to oil and gas exploration. Despite the ongoing political uncertainty, with Libya divided between two leaderships, the North African country has established a U.S.-Libya partnership and bilateral relations, as well as signed contracts with several oil majors for the redevelopment of its fossil fuel industry.  In November, Libya announced it was offering 22 exploration blocks, with 11 offshore and 11 onshore. As home to Africa’s biggest…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com