Libya’s National Oil Corporation signed an agreement with Chevron to assess shale oil and gas potential across key basins. The joint study will evaluate resources in the Sirte, Murzuq, and Ghadames regions, with preliminary estimates indicating large reserves of gas and oil. Officials said the project supports efforts to expand exploration beyond conventional resources, strengthen the energy sector, and boost long-term economic growth through increased investment and production capacity.
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Libya NOC, Chevron Sign Energy Deal
Business
04/05/2026
Libya’s National Oil Corporation signed an agreement with Chevron to assess shale oil and gas potential across key basins. The joint study will evaluate resources in the Sirte, Murzuq, and Ghadames regions, with preliminary estimates indicating large reserves of gas and oil. Officials said the project supports efforts to expand exploration beyond conventional resources, strengthen the energy sector, and boost long-term economic growth through increased investment and production capacity.
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