Libya Inks $20B Oil Deal with TotalEnergies, ConocoPhillips (Output Set to Soar)
The Prime Minister of Libya, Abdulhamid al-Dbeibah, said that Libya has signed a 25-year, $20 billion oil development deal with France’s TotalEnergies and U.S.-based ConocoPhillips through Waha Oil Company. The deal aims to increase production capacity by up to 850,000 barrels per day (bpd) and bring in more than $376 billion in net revenues. Waha’s…

