Libya Eyes Oil Comeback Despite Political Divide

Over the last decade, Libya has struggled to get its oil industry back on track due to political disruptions and a lack of foreign investment in the sector. Years of political unrest drove foreign investors out of the market, leaving many oil operations to sit untouched for years and driving oil output down. Achieving high levels of oil output once again will require significant investment in exploration activities, drilling and infrastructure renovation and development, but there is significant potential for the country with Africa’s largest…