Libyan Government of National Unity Prime Minister Abdulhamid Dabaiba said on Sunday that work has begun on the construction of an oil refinery in the southern part of the country.
The project will cost between US$500 million and US$600 million and become operational within three years, according to the head of Libya's state oil company, Mustafa Sanalla.
He said an annual income of US$75 million was expected.
Dabaiba speaking at a ceremony in capital Tripoli, said: "This project is important; the effective start of construction of a refinery in the south."
The refinery will be built near Al-Sharara, a major oil field in the Obari region, which produces an average of some 300,000 barrels of oil a day.
Announced in the early 1980s, the project for a refinery in southern Libya had been put on hold for years before being revived in 2017.