TotalEnergies SE TTE announced that it has entered into various agreements with Libyan authorities to further expand its presence in Libya’s Energy space and aid in the sustainable development of the country’s natural resources. Primarily, TotalEnergies will assist in restoring Libya’s oil production and development of clean energy projects. Earlier in 2018, TotalEnergies acquired Marathon Oil Libya Limited, which held a 16.33% interest in the Waha Concessions in Libya. Eni will invest more in the Libyan energy space and plans to explore new areas within Libya’s energy sector, primarily offshore regions. Image Source: Zacks Investment ResearchZacks Rank & Another Key PickTotalEnergies currently sports a Zacks Rank #1 (Strong Buy).

Source: Libya Today November 23, 2021 15:51 UTC