Spain's Repsol resumes oil exploration in Libya after 10-year hiatus
Published by Global Banking & Finance Review®
Posted on December 31, 2024
1 min readLast updated: January 27, 2026

Published by Global Banking & Finance Review®
Posted on December 31, 2024
1 min readLast updated: January 27, 2026

Repsol has resumed oil exploration in Libya's Murzuq basin after a 10-year hiatus, with drilling near the Sharara oil field.
CAIRO (Reuters) - Spain’s Repsol has resumed oil exploration in Libya after 10 years, the state oil firm NOC said in a statement on Tuesday.
NOC said Repsol had started drilling in a well in the Murzuq basin, about 12 km from Libya's largest oil field, Sharara.
(Reporting and writing by Ahmed Elumami; Editing by Kevin Liffey)
The main topic is Repsol's resumption of oil exploration activities in Libya after a 10-year hiatus.
This marks a significant development in Libya's energy sector, indicating renewed interest and potential growth.
Drilling is taking place in the Murzuq basin, approximately 12 km from the Sharara oil field.
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