Libya Signs Twenty Billion Dollar Oil Deal With TotalEnergies and ConocoPhillips
Libya signed a twenty-five year oil deal with global energy firms to boost output. The agreement marks a major investment milestone for the African nation.
Insights:
Libya 
LY signed a landmark 25-year oil development agreement with TotalEnergies SE and ConocoPhillips on January 24, 2026. This agreement involves over $20 billion in foreign-financed investment through the Waha Oil Company. Prime Minister Abdulhamid al-Dbeibah abdulhamid al dbeibah oversaw the signing ceremony during the Libya LY Energy and Economy Summit, which is currently being held in Tripoli.
LY signed a landmark 25-year oil development agreement with TotalEnergies SE and ConocoPhillips on January 24, 2026. This agreement involves over $20 billion in foreign-financed investment through the Waha Oil Company. Prime Minister Abdulhamid al-Dbeibah abdulhamid al dbeibah oversaw the signing ceremony during the Libya LY Energy and Economy Summit, which is currently being held in Tripoli.
