BP, Shell return to Libya for hydrocarbon exploration at three locations

Libya’s National Oil Corp (NOC) announced on Monday that agreements have been reached with oil majors BP and Shell. These agreements involve conducting studies for hydrocarbon exploration and development across three Libyan oilfields. Since Muammar Gaddafi’s overthrow in 2011, Libya has been in a state of chaos, making foreign investors hesitant to invest in the […]