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Sonatrach Returns to Libya for Oil and Gas Exploration
Market Intelligence Analysis
AI-Powered
Why This Matters
Sonatrach, Algeria's state energy firm, has resumed oil and gas exploration drilling in Libya's Ghadames basin, marking a return to the area after a 10-year hiatus.
Market Impact
Moderate positive impact on oil prices, as increased exploration and production in Libya could lead to higher global oil supply and potentially stabilize prices.
Sentiment
Bullish
AI Confidence
70%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Algerian state energy firm Sonatrach resumed oil and gas exploration drilling in Libya in mid-October, Libya’s National Oil Corporation (NOC) said on Thursday, as several international majors have restarted work in Libya’s oil and gas basins. Algeria’s Sonatrach is drilling an exploration well in the Ghadames basin close to the Libyan-Algerian border, according to an NOC statement carried by Arab newspaper Asharq Al-Awsat. Sonatrach is back working at the site in the Ghadames basin, after quitting more than 10…
Original article published by
OilPrice.com
on October 23, 2025.
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Analysis and insights provided by AnalystMarkets AI.