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Wednesday, December 11
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US firms eye Libya—the world’s oil market wild card

By Updated: Countries No Comments5 Mins Read
Libya Oil Industry
Libya's close proximity to Europe means that it can ship its oil by sea using shorter routes than the competition. At the moment, Libya exports most of its oil to European nations, which have cut supplies from Russia. (Photo / Reuters).

US companies’ entry into Libya will solidify Tripoli's global oil market wild card role in stabilizing an already weary industry. American Chamber of Commerce in Libya (AmCham Libya) has partnered with Energy Capital and Power for the November 8-9 Libyan Energy and Economic Summit in Tripoli. Libya boasts of the greatest proven crude oil reserves

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James Wambua is a seasoned business news editor specializing in various industries including energy, economics, and agriculture. With a comprehensive understanding of these industries across Africa, he excels in delivering accurate and insightful news coverage that keeps readers informed about key developments and trends.

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