By Salma El Wardany (Bloomberg) –Libya’s oil production has picked up again after a blockade of its western fields ended and ports in the east reopened, according to the OPEC member’s energy minister..
Libya’s oil industry has lots of potential, with the ninth-largest oil reserves in the world, but it faces significant geopolitical, domestic, and development hurdles if it is to realize this potential
"Libya has reserves of about 48 billion barrels of crude oil and about 52 trillion cubic feet (1.47 million cubic meters) of gas. The future of Libya in oil is a promising future. We have many oil and gas discoveries that can be developed.. " Mohamed Oun, Libyan Minister of Oil and Gas