OilPrice.com
- The decision last week by Libya’s Government of National Unity to approve the sale of Hess Corporation’s stake in the Waha oil concessions could reignite Libya’s oil boom
- While there may be a short-term drop off in output from Waha, in the long-term it will likely return to their previous impressive levels
- Ongoing political struggles could hurt the countries oil industry, but recent proposals from the oil and gas ministry on revenue sharing could help reduce those tensions