See every side of every news story
Published loading...Updated

BP and Shell Sign Libya Deals as Majors Accelerate Return After Civil War

LIBYA, JUL 8 – BP and Shell will study three oilfields to boost Libya's output from 1.3 million to about 2 million barrels per day, supporting economic stability and foreign investment, NOC said.

  • Libya’s National Oil Corporation has inked deals with BP and Shell to conduct assessments and feasibility studies focused on hydrocarbon potential in the Messla, Sarir, and al-Atshan areas as part of efforts to advance energy development in 2025.
  • These agreements come after years of halted operations resulting from Libya's civil conflict since 2011, which caused repeated closures of oilfields and discouraged foreign investment.
  • BP intends to resume its presence in Libya by establishing operations in Tripoli during the final quarter of 2025 and will undertake technical evaluations of hydrocarbon prospects in key fields and nearby areas.
  • NOC Chairman Masoud Suleman said they hope to apply BP's experience to optimize asset performance and called for workforce training to support Libya's oil sector.
  • The agreements aim to boost Libya's oil output toward 2 million barrels per day, supporting sustainable growth and economic stability after a decade-long industry disruption.
Insights by Ground AI
Does this summary seem wrong?

14 Articles

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 50% of the sources are Center
50% Center

Factuality 

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

CDE News broke the news in on Tuesday, July 8, 2025.
Sources are mostly out of (0)