Khalifa Abdulsadek, Libya’s acting oil minister, has stated that the country needs between $3 and $4 billion to boost oil production to its pre-2011 level of 1.6 million barrels per day (bpd). Currently, the North African country produces 1.4 million bpd. Speaking at the Libya Energy and Economy Summit, Abdulsadek added that there are also… Read More »Libya Plans Bidding Round to Attract Oil Investment