(@ChaudhryMAli88)CAIRO (UrduPoint News / Sputnik - 06th December, 2022) The Government of National Unity, the provisional government of Libya, announced on Monday the lifting of restrictions on geological exploration of the national oil deposits. In October, the NOC said it had signed agreements with Italian Eni and British BP on offshore gas exploration. According to the company, the country's gas deposits exceed 80 million cubic meters of gas. In July, the NOC announced that it was restoring oil exports after the removal of emergency measures and appointment of a new director. The prime minister, Fathi Bashagha, said that the corporation planned to increase oil production to two million barrels per day over the next three-five years.

Source: Libya Today December 05, 2022 19:07 UTC