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The Libyan energy sector is attracting enormous international attention |
Libyan oil minister Fathi Ben Shatwan has announced that the country’s second oil licensing round will be delayed. The round, which now looks likely to take place in June at the earliest, should involve tenders for 44 blocks. Libya is aiming to attract $30 billion of investment in order to double production capacity to 3 million barrels a day before 2010. In the first licensing round in January, US Occidental successfully tendered for several blocks, while European firms failed to win the rights to drill for oil and gas in any of them.
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