Libya signs $20 billion oil deal with TotalEnergies and ConocoPhillips

Libya signed a 25-year oil deal with France’s TotalEnergies and US-based ConocoPhillips, involving more than 20 billion dollars of foreign investments, Prime Minister Abdul Hamid Dbeibah said during the Libya ‌Energy and Economy Summit in Tripoli on Saturday.

The agreement was signed through Waha Oil Company, a subsidiary of Libya’s state-run National Oil Corporation.

The new agreement should boost oil production capacity by up to…