The plans signal fresh momentum for Libya’s oil industry. — Bloomberg
TRIPOLI: Libya is planning its first tender for energy exploration contracts since 2011’s civil war, as the Organisation of the Petroleum Exporting Countries member looks to bring back oil majors spooked by years of instability and production shutdowns.
Authorities will offer onshore and offshore blocks in a bid round either at the end of this year or in early 2025, Oil Minister Khalifa Abdul Sadeq said on Tuesday in an interview at the Adipec energy conference in Abu Dhabi.
