Libya’s Minister of Gas and Oil, Mohamed Oun, announced that the country’s oil sector will receive sufficient funding to advance oil facilities and increase its output, pointing out that a budget of approximately $1.6 billion has been allocated to the National Oil Corporation (NOC).

“There is a reasonable allotment of funds for oil-sector activities. We believe it may suffice for the remaining 10 months of 2021,” said Mohamed Oun .