The oil-focused website OilPrice reported on Thursday that Libya aims to boost its oil production to 2 million barrels per day by 2028, through new bidding rounds designed to attract major international oil companies.
According to the site, rising political instability threatens to trigger a new oil blockade and production disruptions.
The report pointed out that eastern-backed forces are challenging Tripoli’s control over oil revenues, risking a repeat of costly shutdowns unless a revenue-sharing agreement is reached.
