Shell might resume oil and gas exploration in Libya

Royal Dutch Shell might return to work in Libya, said Libya’s National Oil company (NOC) in a statement. 

"The meeting discussed the possibility of Shell’s contribution to the development of fields in Libya, as well as increasing its activity in marketing and developing refineries," said NOC in the statement.

The Libyan company said that the conditions in Libya for foreign companies to operate, has become better.  

“Shell officials expressed their happiness with this visit and the meeting with the Chairman and members of the Board of Directors in a sign of the resumption of the company's activity in Libya, stressing that Libya is a promising market and one of the most important countries that the company is looking to open the door to partnership with through the National Oil Corporation,” said the statement.

Libya is North Africa’s second largest oil producer. The exploration work has been disrupted, last year, due to the political situation.