Tripoli, Dec 6, 2025 (AFP) - Libya to announce first oil concessions in nearly two decades

NAMPA / AFP
2025-12-06
Libya will announce early next year which companies won its first tender for oil and gas exploration licences in nearly two decades, an official from Libya's National Oil Corporation said Saturday. Libya has Africa's largest oil reserves, at an estimated 48.4 billion barrels. "The winners of the new round of licences for foreign companies will be announced between February and March," NOC board of directors member Hussain Safar told AFP. The per......
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