Libya asked the United States and European governments to treat its crude as a viable replacement for sanctioned Russian oil as Tripoli launches its first exploration licensing round in 18 years. A delegation from the UN-recognized government visited Washington to promote new production-sharing terms and attract major companies including Shell, Chevron, TotalEnergies, Eni and ExxonMobil. Officials said increased output could offset global shortages and curb Moscow’s influence through eastern commander Khalifa Haftar.
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Libya Pitches Oil as Russia Alternative
Business
26/11/2025
Libya asked the United States and European governments to treat its crude as a viable replacement for sanctioned Russian oil as Tripoli launches its first exploration licensing round in 18 years. A delegation from the UN-recognized government visited Washington to promote new production-sharing terms and attract major companies including Shell, Chevron, TotalEnergies, Eni and ExxonMobil. Officials said increased output could offset global shortages and curb Moscow’s influence through eastern commander Khalifa Haftar.
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