Libya is planning to push a key offshore oil and gas project led by Italian Eni and Libya’s National Oil Company (NOC) in a move that could shift some oil capabilities away from the onshore arena, where political battles for control have led to on-and-off blockages that keep hundreds of thousands of barrels of Libyan oil from the markets.
On Wednesday, Middle East Business Intelligence (MEED), reported that as soon as the NOC’s next monthly budget is solidified, the country will prioritize a $3-billion offshore expansion project…Libya Eyes Offshore Oil Expansion Amid Onshore Force Majeure
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