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US firms eye Libya—the world’s oil market wild card

By James WambuaJuly 26, 2023Updated:July 26, 2023 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).

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James Wambua

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.