Libya’s National Oil Corporation (NOC) has announced plans to launch a new bidding round for oil and gas exploration concessions before the end of the year.
The move aims to attract international investment and boost the country’s oil and gas production.
NOC’s Chairman, Farhat Bengdara, revealed that the company’s current oil production has reached 1.4 million barrels per day, including condensates.
This significant production level underscores Libya’s potential as a major oil and gas producer in the region.
