Libya has declared OMV’s 195-million-barrel Essar oil discovery commercially viable, advancing its strategy to revive production and attract international investment.

Libya has declared OMV’s 195-million-barrel Essar oil discovery commercially viable, advancing its strategy to revive production and attract international investment.

Libya has moved a step closer to expanding its oil production after declaring a 195-million-barrel discovery by Austrian energy company OMV commercially viable, marking another…

Libya’s National Oil Corporation (NOC) announced Friday the discovery of a new oil field, named the “Eassar,” with estimated reserves of about 195 million barrels and an expected …