The country's top oil officials told a Libya Bid Round Roadshow in London this Monday.

The new bidding round comes in as Africa's second-largest oil producer and member of the Organisation of the Petroleum Exporting Countries (OPEC) seeks to raise its oil output.

The country's current crude production has reached over 1.4 million bpd, about 200 000 bpd short of its pre-civil war high, according to its National Oil Corp (NOC).

The bidding will involve acreage in the Sirte, Murzuq and Ghadamis basins as well as offshore Mediterranean, Oil Minister Khalifa Abdulsadek said at the event.

Libya is exempt from OPEC+ agreements to limit output.

Foreign investors have been wary of putting money in Libya, which has been in a state of chaos since the overthrow of Muammar Gaddafi in 2011. Disputes between armed rival factions over oil revenues have often led to oilfield shutdowns.

--Reuters--