Is Libya’s Hess-Waha saga over? The US firm on 15 November announced the completion of a deal to sell its 8.16% stake in Libya’s 300,000 b/d-capacity Waha Oil Company to TotalEnergies and ConocoPhillips.

The sale, while ending Hess’ decades-long presence in Libya, bumps Total and Conoco’s share in Waha up from 16.33% to 20.41%, with the remaining 59.18% held by National Oil Corporation (NOC). (CONTINUED - 999 WORDS)