Here’s What Libya’s New Government Means for the Oil World
- First unified government since 2014 could stabilize oil sector
- NOC aims to boost output to 1.45 million barrels daily in 2021
Photographer: Shawn Baldwin/Bloomberg
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Libya’s back in the oil game after years of false starts and setbacks. Energy facilities shut or damaged during its civil war were reopened last year and the OPEC member has managed to keep its production above 1 million barrels a day since November.
On Monday, the country’s first unified government in seven years was sworn in, as efforts to reach a formal peace gather pace.