Libya is planning to push a key offshore oil and gas project led by Italian Eni and Libya’s National Oil Company (NOC) in a move that could shift some oil capabilities away from the onshore arena, where political battles for control have led to on-and-off blockages that keep hundreds of thousands of barrels of Libyan oil from the markets. On Wednesday, Middle East Business Intelligence ( MEED ), reported that as soon as the NOC’s next monthly budget is solidified, the country will prioritize a $3-billion offshore expansion project as part of Libya’s goal of reaching oil production of around 1.4 million bpd for this year. Offshore expansion plans come as Libyan media announced on Wednesday that production and exports in the Oil Crescent would resume, with protesters allegedly agreeing to lift a blockage that has lasted for three weeks, leading the NOC to declare force majeure on two […]