Chevron, Total Vying in Libya's First Oil Tender Since 2011 War.

The article discusses the competitive landscape of Libya's first energy exploration tender since the 2011 conflict, with major companies like Chevron Corp., TotalEnergies SE, Eni SpA, and Exxon Mobil Corp. expressing interest in 22 offshore and onshore blocks. The National Oil Corp (NOC) aims to increase daily oil production to 2 million barrels by 2030, up from the current 1.4 million barrels, following years of conflict that have hindered the country's energy infrastructure. The NOC is also seeking a development budget of approximately $3 billion to enhance production capabilities, particularly in key fields like Sharara. Despite its vast oil reserves, Libya faces challenges such as limited refining capacity and reliance on fuel imports, leading to recent shortages. [Extracted from the article]