Libya may be able to maintain its current level of oil production of around 1.2 million barrels per day (bpd) until the end of the year as the oil sector is finally receiving enough funding for field maintenance and development, Libya’s Oil Minister Mohamed Oun told Bloomberg in an interview. Oun was sworn in as the first oil minister of the country since 2014 as the new Libyan unity government took office earlier this month.
The new cabinet is the first unity government of the war-torn country since 2014, and could potentially pave the way…Libya’s Oil Production Set To Stabilize In 2021
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