Libya's $20 Billion Oil Boost: A New Era with TotalEnergies and ConocoPhillips
Published on: Friday 23 January 2026
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.