Chevron competing for oil and gas exploration rights in Libya

Chevron Corporation (NYSE:CVX) is competing in Libya’s first oil and gas exploration tender, aiming to restore and boost the country’s oil sector to increase daily production to 2 million barrels by 2030. CVX, alongside other major oil companies, is seeking exploration rights for 22 offshore and onshore blocks.

The tender is a significant milestone for oil companies as Libya holds Africa’s largest proven oil reserves. Contracts with successful bidders are expected to be signed by the end of 2025.

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Read more at Yahoo Finance: Chevron Corporation (CVX) Competing for Libya’s First Oil and Gas Exploration Tender