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.

洞察:
Libya LYLY 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 LYLY Energy and Economy Summit, which is currently being held in Tripoli.
The logo of French oil and gas company TotalEnergies is seen on a building in Rueil-Malmaison, near Paris, France, April 14, 2025. REUTERS/Stephanie Lecocq/File Photo
The logo of French oil and gas company TotalEnergies is seen on a building in Rueil-Malmaison, near Paris, France, April 14, 2025. REUTERS/Stephanie Lecocq/File Photo
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