US oil companies are planning to boost investments in Libya and expand operations despite troubled relations between the nations in the past as the North African country focuses on reviving its energy sector.
Companies including ConocoPhillips, Halliburton and SLB are aiming to increase their investment in the country. Chevron, a major US oil producer, also signed an initial agreement to return to Libya after a 15-year hiatus.
“2026 is going to be a turning point for Halliburton,” Chris Simonian, the company's area business development manager in Libya told The National on the sidelines of Libya Energy and Economic Summit in Tripoli.
“We are going to be expanding more, pumping more equipment and people into the country.
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