Libya’s Parliament approved on Wednesday the first unity government of the war-torn country since 2014, potentially paving the way to more stability in oil production in the African OPEC member, which is exempted from the OPEC+ cuts. At a parliament session today, lawmakers approved an interim unity government led by Prime Minister Abdulhamid Dbeibeh that could put an end to the rivalry between institutions in the east and west of Libya and bring about more security and stability to oil production and oil infrastructure. The interim government is tasked with ruling the country together with a three-member presidency council until the end of December 2021, when elections are scheduled to be held. Libya plans to raise its oil production to 1.45 million barrels per day (bpd) by the end of this year, from 1.3 million bpd now, Mustafa Sanalla, the chairman of Libya’s National Oil Corporation (NOC), told Bloomberg […]