After a pause of almost 17 years, Libya is preparing to host a bidding round for oil exploration.
The announcement was made in a televised address on Monday by the acting Chairman of the National Oil Corporation (NOC), Masoud Suleman.
As Africa’s second-largest oil producer, Libya is a significant player in the global oil market and is also a member of the Organization of the Petroleum Exporting Countries (OPEC).
Foreign investors, however, have been wary of putting money into the country, which has been in a state of chaos since the overthrow of long-time ruler…
