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Mohamed Oun: “oil sector in Libya getting enough funding”

Libya’s first oil minister since 2014, Mohamed Oun, said in an interview with Bloomberg that Libya’s energy industry is on track to get enough money from the government for the OPEC member to sustain its crude production throughout the year.

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

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