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flag Libya to drill first deepwater oil well, aiming to boost offshore production.

flag Libya is preparing to drill its first deepwater oil well, marking a significant step in the country's energy sector development. flag The move aims to unlock offshore resources and boost production, though no specific timeline or details about the project’s progress have been released. flag This development comes amid broader regional efforts to expand energy infrastructure, including delayed but extended timelines for major gas projects in the Saudi-Kuwait Neutral Zone. flag Meanwhile, Kuwait may be considering canceling a key oil project due to uncertainty over its viability, funding, and shifting priorities, raising concerns among industry stakeholders.

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