Libya needs US$3-US$4bil to boost oil production, oil minister says

[New Straits Times] - 01/19/2025

TRIPOLI: LIBYA needs between US$3 billion and US$4 billion to reach an oil production rate of 1.6 million barrels per day (bpd), the acting oil and gas minister, Khalifa Abdulsadek, told Reuters on Saturday, adding that a new license bidding round is expected to be approved by the cabinet before (…)



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