TotalEnergies Secures Extension of Libya’s Waha Oil Concessions to 2050

TotalEnergies has signed an agreement extending the Waha oil concessions in Libya through December 31, 2050, securing a long-term foothold in one of the country’s most important producing areas and setting the stage for a new investment cycle. The deal was signed on January 24 during the Libya Energy & Economy Summit in Tripoli by TotalEnergies Chairman and CEO Patrick Pouyanné, in the presence of Libyan Prime Minister Abdul Hamid Dbeiba. The extension introduces revised fiscal terms designed to support h ...