Libya’s Oil Minister Mohammed Aoun called on Opec’s wealthier members to invest in the country’s oil sector as it seeks to push capacity up from 1.2mn b/d to 2mn b/d over the next three-to-five years (MEES, 12 August 2022).

Speaking in Vienna on 5 July at the Opec Seminar, Mr Aoun said Opec members “understand each other, and some countries in Opec have the money to invest in such projects.” The Libyan minister in particular cited investment talks with Abu Dhabi state energy firm Adnoc. (CONTINUED - 416 WORDS)