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Total, other foreign firms seek to renew Libya licenses

The Address | Benghazi – Libya

France’s Total and other foreign firms have started to renew their business licenses with Libya’s internationally recognized government to keep operating in the country, the Tripoli-based economy minister told Reuters.

In May, the economy ministry suspended Total and 39 other foreign firms, saying their licenses had expired, before granting a grace period of three months to seek new ones.

Some diplomats and analysts saw the move as political pressure aimed at shoring up support abroad against an assault by the Libyan National Army (LNA) to take Tripoli.

“There are companies working now on renewing their licenses in Libya,” he said, adding Total was among them.

He added that if a license did not get renewed, “there are several oil companies to take (over) the oilfields in 24 hours. There is a lot of competition.”

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