There are still high hopes for Libya’s oil industry despite weeks of disruption to its output. However, as the country continues to face political uncertainty and disruption to production due to aging infrastructure, several changes will have to be made if it hopes to develop its energy industry to its full potential.
The minister for oil and gas in Libya, Mohammed Oun, stated in December that the country has a “promising future” in oil and gas with the potential to generate enormous wealth for the country. He explained,…Libya’s Once-Great Oil Industry Is Facing A Plethora Of Challenges
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