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Libya's National Oil Corporation says it needs about $30–40 bln to develop oil and gas resources and regain a leading role in global crude production, targeting output growth from roughly 1.4 mln bpd to 2.0 mln bpd by 2030. NOC chairman Masoud Sulema

2026-08-18

Libya's National Oil Corporation says it needs about $30–40 bln to develop oil and gas resources and regain a leading role in global crude production, targeting output growth from roughly 1.4 mln bpd to 2.0 mln bpd by 2030. NOC chairman Masoud Suleman said more than 60 discovered fields remain undeveloped and that funding shortages are delaying projects. According to the EIA, Libya holds Africa's largest proved oil reserves. International majors including Eni, TotalEnergies, Chevron and ConocoPhillips operate in Libya but invest progress has been slow.

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2026-08-18

Huahong Hongli (01347.HK) dived near the close, down more than 10%, with trading value above HK$5.5 billion.

Huahong Hongli (01347.HK) dived near the close, down more than 10%, with trading value above HK$5.5 billion.
2026-08-17

Chevron (CVX.N) is preparing a multi‑well exploration program that will include drilling the Nabba‑1X well in Namibia before year-end.

Chevron (CVX.N) is preparing a multi‑well exploration program that will include drilling the Nabba‑1X well in Namibia before year-end.
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