Libya's Oil Resurgence: Western Companies Bet Big on Libyan Energy
ByAinvest
Tuesday, Mar 24, 2026 5:16 pm ET1min read
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Libya's oil production is set to increase to 2 million barrels per day by 2028, attracting interest from Western oil companies. Eni announced new offshore gas discoveries in Libya, with preliminary estimates of over 1 trillion cubic feet of gas in place. These finds are a testament to Western firms' confidence in Libya's stability and their ability to invest in the country long-term.
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