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Libya , Thursday 16 April 2026

Libya's $20 Billion Oil Boost: A New Era with TotalEnergies and ConocoPhillips

Published on: Friday 23 January 2026

Libya's $20 Billion Oil Boost: A New Era with TotalEnergies and ConocoPhillips Libya will ink a 25-year oil agreement with TotalEnergies and ConocoPhillips, promising $20 billion in investments to increase production by up to 850,000 barrels daily. This deal, involving Libya's Waha Oil Company, is set to generate $376 billion in revenues, marking a new chapter in Libya's turbulent oil history.



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