Xin Lang Cai Jing·2026-01-25 21:22Core Insights - Libya's National Unity Government Prime Minister Dbeibah announced a 25-year oil development agreement with France's TotalEnergies and the US's ConocoPhillips, with a total investment exceeding $20 billion [1] - The agreement is expected to increase the daily production capacity of Libya's Waha Oil Company by up to 850,000 barrels [1] - Over the duration of the agreement, Libya is projected to generate more than $376 billion in net revenue [1] Industry Overview - Libya is one of Africa's largest oil producers and a member of the Organization of the Petroleum Exporting Countries (OPEC) [1] - Oil and gas exports are the primary source of revenue for Libya [1] - The country's oil production and exports have been severely impacted by years of ongoing conflict and division [1]