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Libya Signs 25-Year Oil Deal Worth Billions With TotalEnergies, ConocoPhillips - ConocoPhillips (NYSE:COP), TotalEnergies (NYSE:TTE)
- On Saturday, Prime Minister Abdulhamid Dbeibah signed a 25-year oil development agreement with TotalEnergies and ConocoPhillips at the Libya Energy and Economy Summit in Tripoli.
- The deal aims to boost production capacity by up to 850,000 bpd and generate net revenues of about $376 billion over 25 years, Dbeibah said, linking it to job creation and higher incomes.
- The NOC unit Waha, which operates several fields, was signed into the deal; ConocoPhillips and TotalEnergies each hold a 20.4 per cent stake in Waha Oil Company.
- U.S. adviser Massad Boulos said the agreements show US companies are `one thing undeniable, the United States and its world-class companies are betting on Libya's future`, while Dbeibah said the pacts strengthen ties with major international energy partners and could launch Libya's return.
- Libya aims to reach 2 million bpd, with results of its first exploration round in over 17 years to be announced on February 11, involving BP, Chevron, and ExxonMobil.
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Africa Intelligence Brief — January 24–26, 2026
These three days show how “Africa risk” moves in practice. A single upstream contract can reset an oil investment cycle. A militia order can shut down humanitarian and commercial corridors overnight. And a new compliance or corruption case can change how banks and partners price counterparty risk. 1. Libya — A 25-year oil development deal […]
·Brazil
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Radio France InternationaleReposted by 
La Libre
La LibreLibya announced on Saturday that it had signed an oil agreement of more than $20 billion for 25 years with the French energy groups TotalEnergies and American ConocoPhillips.
·Paris, France
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Coverage Details
Total News Sources32
Leaning Left4Leaning Right4Center5Last UpdatedBias Distribution38% Center
Bias Distribution
- 38% of the sources are Center
38% Center
L 31%
C 38%
R 31%
Factuality
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