The internationally-recognized East Libyan government has announced that it will be hosting a conference in Dubai to sign new leases and production agreements, Reuters reported.
Libya has been split between two governments since 2014, when the General National Congress in Tripoli refused to recognized the legitimacy of the Tobruk-based House of Representatives.
The Tobruk government controls most of the oil fields and ports, however the NOC headquarters remain in Tripoli, and all contracts are routed through there, noted VOA
The Tobruk government has announced the formation of the “East NOC,” and is playing for interest from oil majors in signing new agreements.
BP, Eni, and Total all have major investments in the country.
