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بوابة الوسط
Source: بوابة الوسط
23 Hrsبوابة الوسط
Source: بوابة الوسط
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Libya's oil production has risen to 1.48 million barrels per day, marking the highest level in about 13 years. This boosts hopes of reaching a production target of 2.1 million barrels per day within the next three to five years. This increase comes amid expectations from OPEC that global oil demand will grow by 19 million barrels per day by 2050, sparking interest from governments and foreign investors in developing the Libyan oil sector, especially given the large reserves exceeding 48 billion barrels. Despite political challenges, foreign companies such as Total Energies, Eni, and BP continue their investments in Libya, with plans to boost production by leveraging advanced technologies and new projects.
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