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Oil India is in talks with stakeholders to restart drilling in Libya, thirteen years after the company exited the country due to political instability, a top company official told Reuters.

The Libyan National Oil Corporation (NOC) has announced that the Mellitah Oil and Gas Company was able to rehabilitate the well (A75) in the Abu Attifel field, in implementation of the corporation’s plan to increase production.

The Arabian Gulf Oil Company (AGOCO), an oil company based in Benghazi and subsidy of the National Oil Corporation (NOC), announced a plan to convert the HH59-65 well, currently classified as an “observation well” and located in the Masla oil field, into a producing well after a hiatus of two years and eight months.

Central Bank of Libya (CBL) Governor has met in Tripoli with Presidential Council President, Government of National Unity (GNU) Prime Minister, GNU Finance Minister, and Director of the Banking and Monetary Control Department, to discuss determining the status of public revenues and spending for the year 2023.