US oil companies are planning to boost investments in Libya and expand operations despite troubled relations between the nations in the past as the North African country focuses on reviving its energy sector. Chevron, a major US oil producer, also signed an initial agreement to return to Libya after a 15-year hiatus. Libya is also in the process of awarding new exploration licences to oil and gas companies next month. ReutersThe participation of US companies in the development of Libya's energy sector comes despite frosty relationship between the two countries in the past. It returned in 2005 and stayed back even as many companies wound up their operations during the civil war, Glenn Hamrell, executive vice president at Waha Oil Company, that operates Waha oilfield, said.

Source: Libya Today January 26, 2026 12:17 UTC