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Exxon Signs Oil Deal in Libya
Exxon has inked a preliminary deal for exploration at four offshore blocks in Libya after a decade of absence from the country. The news was reported by Libya’s National Oil Corporation, which said the U.S. supermajor will conduct a detailed technical study of the blocks that are located off the country’s northwest coast and the Sirte Basin with the purpose of identifying the size of oil and gas resources in the blocks. The deal follows similar preliminary agreements between the National Oil Corporation and BP and Shell, which also…