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Spotlight | Libya
NOC and Qatari firm sign $1bn contract, stirring unease

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Libyan National Oil Corp chair Masoud Suleiman in Tripoli, Libya, 11 February 2026.
Libyan National Oil Corp chair Masoud Suleiman in Tripoli, Libya, 11 February 2026. © Mahmud Turkia/AFP
Libyan National Oil Corp chair Masoud Suleiman in Tripoli, Libya, 11 February 2026.
Libyan National Oil Corp chair Masoud Suleiman in Tripoli, Libya, 11 February 2026. © Mahmud Turkia/AFP

Libya's National Oil Corp recently signed an oil deal with the well-connected UCC Holding. However, its unusually favourable terms have raised a few eyebrows at the public body responsible for financial investigations.

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