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Friday, July 11, 2025 1:26 GMT
Oil Majors BP and Shell have made agreements with Libya's National Oil Corp (NOC) to conduct studies for hydrocarbon exploration and development at three Libyan oilfields, NOC said on Monday. Libya, Africa's second-largest oil producer and a member of the Organization of the Petroleum Exporting Countries, has suffered from disruptions to its oil activities due to disputes between armed rival factions over oil revenues that have often led to oilfield shutdowns. Foreign investors have been wary...More