The National UAE CENTER (0.3) Reliability: 7.0/10

Libya to sign $20bn deal with US and French companies to boost oil output

✍️ Fareed Rahman, January 📅 January 24, 2026 12:00 AM ⏱️ 1 min read 🕐 Scraped: January 24, 2026

Summary: The country plans to add 850,000 barrels per day with the new investment

Opec member Libya will on Saturday sign a long-term development agreement with France’s TotalEnergies and Conoco Phillips of the US, involving investments worth more than $20 billion, as the country intensifies efforts to boost oil production.

The deal

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📝 Article Information

Author

Fareed Rahman, January

Original Publisher

🌍 The National UAE

CENTER Bias (0.3)

Published Date

January 24, 2026 at 12:00 AM

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