The deal involves more than $20 billion in foreign-financed investment, Libyan Prime Minister Abdulhamid al-Dbeibah said.

The extension revises fiscal terms to enhance production from the Waha Concessions, which currently produce 370,000boepd.

Libya's oil and gas sector has bounced back formidably, attracting TotalEnergies, ConocoPhillips, Chevron and Eni with ...

As one of major exporters to Libya, Türkiye represents strategic, economic, and commercial partner to Libya with many ...

Türkiye could play a 'key role' in offshore energy development in Libya, Oil and Gas Minister Khalifa Abdulsadek said on ...

Waha, a subsidiary of Libya’s state-owned National Oil Corporation, is producing roughly 350,000 barrels of oil per day (bpd) ...

TotalEnergies has struck a major deal with Libya to extend the production concession of the big onshore Waha assets to 2050.

TotalEnergies said it signed an agreement to extend the Waha oil concessions in Libya until the end of 2050, setting new ...

Country also launched its first oil and natural gas exploration licensing round in 17 years in 2025, Abdulhamid Dbeibah says ...

Libya's attorney general's office says a member of a criminal group linked to a mass grave of 21 migrants will stand trial ...

On January 24th, during the Libya Energy & Economy Summit in Tripoli, Patrick Pouyanné, Chairman and Chief Executive Officer of TotalEnergies signed an agreement extending the Waha Concessions up to ...