The Slow and Steady Revival of Libya's Oil and Gas Sector
Market Intelligence Analysis
AI-PoweredLibya is reviving its oil and gas sector despite ongoing political uncertainty, with the country offering 22 exploration blocks to oil majors and establishing partnerships with the US.
Market impact analysis based on bullish sentiment with 80% confidence.
Article Context
Over a decade since the Arab Spring and the civil war that followed, Libya has opened its doors back up to oil and gas exploration. Despite the ongoing political uncertainty, with Libya divided between two leaderships, the North African country has established a U.S.-Libya partnership and bilateral relations, as well as signed contracts with several oil majors for the redevelopment of its fossil fuel industry. In November, Libya announced it was offering 22 exploration blocks, with 11 offshore and 11 onshore. As home to Africa’s biggest…
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