Libya granted oil exploration and production licences recently to several foreign energy companies, including giants Chevron and BP, for the ?rst time since the fall of longtime leader Muammar Gadda?.
the North African country’s oil industry has faced signi?cant challenges following the NATO-backed revolt that toppled and killed Gadda? in 2011, and its territory is still divided between rival authorities. But with energy production and exports at their strongest since then, Libya is seeking to draw major global energy companies. In addition to Chevron, Wednesday’s winners of the latest bidding round included Africa’s largest privately-owned energy company, Nigeria’s Aiteo.
the other winning bidders were consortiums: Spain’s Repsol with BP, Eni North Africa with QatarEnergy, and Repsol with Hungary’s MOLGroup and Turkiye Petrolleri.