By Risk Advisory MENA team After years of disruption and setbacks, Libya’s fragile hydrocarbon sector appears to be making a tentative recovery, amid plans for major gas exploration and oil production hikes. Yet while the country’s rival administrations have a mutual stake in ensuring the upturn is sustained – as energy sales are their main source of revenue – simmering political tensions could set off security crises, undermining progress. Recent months have seen significant investor interest in Libya’s substantial oil and gas reserves, with hydrocarbon-related revenues surpassing $17bn in th…