The stage was set. TotalEnergies and ConocoPhillips would sign a deal to split the 8.16% stake of want-out US firm Hess in Libya’s 300,000 b/d Waha Oil Company on 22 November and pledge hundreds of millions of dollars to boost output.

“I would like to thank the Government of National Unity and the Council of Ministers who have approved last week our increasing interest in the Waha concession,” Total CEO Patrick Pouyanné said in his speech at the Libya Energy & Economic Summit – the first oil conference in the troubled North African country for a decade. (CONTINUED - 1528 WORDS)