Libya’s oil ministry on 7 March published the details of its long-awaited oil and gas bid round (MEES, 7 March), offering 22 onshore and offshore concessions in a bid to “revitalize” the country’s battered hydrocarbon sector “through increased and focused foreign investments,” according to the official website.
The launch of the country’s first bid round in 17 years (MEES, 17 December 2007) had seen several delays over the past year (MEES, 6 December 2024), frequently hindered by oil blockades (MEES, 4 October 2024), leadership rivalries (MEES, 7 February), and corruption probes (MEES, 14 February). (CONTINUED - 1123 WORDS)
