Steinar Vaage, ConocoPhillips' President for Europe, Middle East and Africa (EMEA), is confirmed to speak at the Invest in African Energy (IAE) 2025 Forum in Paris. He will participate in the 'Libya in Focus' session, emphasizing the company's ongoing commitment to Libya's energy sector.
ConocoPhillips is a major international oil company maintaining a presence in Libya's upstream sector, working to enhance production after years of disruption. Current efforts are focused on increasing output at a concession from approximately 375,000 barrels per day (bpd) to between 600,000 and 700,000 bpd.
This engagement signals renewed optimism in Libya's ability to stabilize output and reemerge as a significant oil producer. ConocoPhillips' continued investment supports the country's efforts to drive economic recovery through energy development and strengthens the company's regional portfolio.
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