December 7, 2021, 18:47

    TotalEnergies wins new deals in Libya

    TotalEnergies wins new deals in Libya

    PARIS, Nov 23 (Reuters) – French company TotalEnergies (TTEF.PA) said it had won new deals in Libya, including the increase of its stake in the Waha oil concessions in the country.

    TotalEnergies said the Libyan government had approved the joint acquisition by TotalEnergies and ConocoPhillips (COP.N) of the 8.16% interest held by the company Hess (HES.N) in the Waha concessions, increasing TotalEnergies’ stake in those concessions from 16.33% to 20.41%.

    "These agreements reflect TotalEnergies' willingness to strengthen its investments in Libya's energy sector," said its chairman and CEO Patrick Pouyanne.

    Register now for FREE unlimited access to reuters.comRegisterReporting by Sudip Kar-Gupta, Editing by Louise Heavens

    Sourse: reuters.com

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