Libya’s National Oil Corporation (NOC) has signed production-sharing agreements with several international energy companies following the country’s first licensing round in nearly two decades, its chairman Massoud Suleman said this Monday.
The agreements were signed with Spain’s Repsol and Turkey’s state-owned Türkiye Petrolleri, Italy’s Eni and QatarEnergy, and a consortium comprising Hungary’s MOL Group, Türkiye Petrolleri and Repsol, Suleman said in a statement posted on social media.
Libya awarded exploration blocks in February to companies including Chevron, Eni, QatarEnergy and Repsol in its first licensing round since 2007, despite persistent political divisions between rival administrations in the country’s east and west.
—Reuters—
