Libya to sign 25-year oil deal with TotalEnergies and ConocoPhillips
TRIPOLI(RAHNUMA): Libya will sign a 25-year oil development agreement on Saturday with France’s TotalEnergies and US-based ConocoPhillips, involving more than $20 billion in foreign-financed investment, Prime Minister Abdulhamid Al-Dbeibah said. Signed through Waha Oil Company, the deal is aimed at boosting production capacity by up to 850,000 barrels per day (bpd) and is expected to […]
