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The force majeure that was declared at Libya’s largest oilfield this weekend underlines the risky situation in which oil companies operate in the hydrocarbon-rich African country ....
Libya’s crude oil production remains well below its 3 million bpd peak in the 1960s, but the country’s National Oil Company has plans to almost double production within three to five years ....
Last week, Libyan authorities once again invited international oil companies to return to Libya to safely resume operations in the country, and the two oil majors Eni and TotalEnergies now look set to ramp up activity in the North African country again ....