Energy

Libya signs oil exploration deal to boost production in Ghadames Basin

Libya’s National Oil Corporation (NOC), in partnership with the Libyan Investment Authority (LIA), has signed an Exploration and Production Sharing Agreement (EPSA) with UCC Holding for Area 47 in the Ghadames Basin. NOC Chairman Masoud Suleiman said the agreement is part of efforts to attract investment, expand exploration activities and increase oil and gas production […]