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Reuters: 40 Oil Companies Express Interest in Current Licensing Round

The international news agency Reuters reported on Wednesday, quoting the Chairman of the National Oil Corporation, Masoud Suleiman, that 40 oil companies have expressed interest in participating in the current bidding round being conducted by Libya to obtain oil exploration rights.

Suleiman added, during the ADIPEC Energy Conference in Abu Dhabi, that Libya’s current oil production ranges around 1.4 million barrels per day, with slight increases or decreases, according to Reuters.

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