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NOC Signs Production-Sharing Deal With Chevron to Boost Libya Oil Output

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Libya’s National Oil Corporation has signed a production-sharing agreement with Chevron as it looks to attract investment and increase oil production. NOC Chairman Masoud Suleiman said the deal will support exploration and oilfield development, bringing advanced expertise and technology. It follows NOC’s 2025 bidding round amid Libya’s heavy reliance on oil and gas and the need to upgrade infrastructure.

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