Libya issues rare oil exploration licences to foreign firms

Winning bidders include Chevron, Eni, QatarEnergy and Aiteo.

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Libya has assigned new oil and gas exploration rights to foreign firms, aiming to revamp the sector after years of civil strife.

The country’s National Oil Corporation (NOC) announced the results of its first licensing round since 2007 on Wednesday. Winners included US oil giant Chevron and Africa’s largest privately-owned energy company, Nigeria’s Aiteo.