Libya: Spanish Oil Major Repsol May Resume Oil Exploration In Libya
Spain’s Repsol is willing to resume oil exploration activities in Libya in light of the improved security situation in the African OPEC member.
Repsol is a joint venture partner in the company Akakus Oil—along with NOC, France’s TotalEnergies, Norway’s Equinor, and Austria’s OMV—which operates the largest oilfield in Libya, Sharara, with a capacity to pump more than 300,000 barrels per day (bpd).
Repsol, which started oil exploration activities in Libya in the 1970s, suspended exploration of oil blocks in 2011
