The first presidential election since 2011 was postponed for a month in December, and is the first and most important hurdle Libya’s oil industry must clear if it is to bounce backLibya’s oil industry has suffered for years through a civil war, political uncertainty, and a lack of investment, but there is still hope for the countryThere are still high hopes for Libya’s oil industry despite weeks of disruption to its output. To get oil production back on track, the government has had to come to several agreements with the PFG in recent years. This week, Libya’s oil sector once again faces uncertainties due to weather-related issues. The potential for Libya’s oil industry is significant, as it holds one of the world’s largest crude reserves. But it must invest in its ageing infrastructure to ensure it can handle greater oil output.

Source: Libya Today January 13, 2022 19:36 UTC