Libya’s state-run oil firm has opened an office in London, with the aim of boosting the OPEC nation’s production capacity. Murzuq Oil Services Ltd. will act as the oversees arm of Libya’s National Oil Corp. and a hub for U.K. engineering, procurement and construction contractors, NOC said Monday in a statement. NOC added that this will help expand its domestic oil production capacity to more than 2 million barrels a day and improve its business operations globally through access to engineering and consulting services. The London-based company will also assist Libya in developing its onshore and offshore oil and gas facilities and future renewable energy projects, “focusing closely on meeting carbon reduction targets,” according to the statement. Libya holds Africa’s largest crude reserves, but it’s struggled to pump a fraction of what it produced under former leader Moammar Qaddafi. Fighting between rival factions has put the country’s oil fields, […]