(EPA Images pic)TRIPOLI : Libya granted oil exploration and production licences on Wednesday to several foreign energy companies, including giants Chevron and BP, for the first time since the fall of longtime leader Muammar Gaddafi. But with energy production and exports at their strongest since then, Libya is seeking to draw major global energy companies. “The TotalEnergies and ConocoPhillips deal showed that you can do gre-a-gre with the NOC and get better terms,” Porter added. ‘Improve the terms’Last month, Libya signed agreements worth more than $20 billion of investment by TotalEnergies and ConocoPhillips, to increase oil production over 25 years. Dbeibah, who announced the deal, said the goal was to boost daily oil production by 850,000 barrels within that timeframe.

Source: Libya Today February 11, 2026 21:16 UTC