EXCLUSIVE Shell eyes return to Libya with oil, gas, solar investments – Reuters

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A logo for Shell is seen on a garage forecourt in central London, file. REUTERS/Neil Hall/File Photo

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  • Shell’s Libya plan marks rare new oil and gas foray
  • Libya plan still fits strategy to phase out fossil fuels
  • Plan includes solar project south of Libya’s Sirte basin
  • Proposal see Shell allocated oil, product cargoes to sell

LONDON, Nov 30 (Reuters) – Royal Dutch Shell (RDSa.L) is considering a return to Libya with a plan to develop new oil and gas fields and infrastructure, as well as a solar project, two sources said, a decade after exiting the North African country because of unrest.

The plan, details of which were seen by Reuters, marks a rare new oil and gas foray by the energy major as it seeks to cut fossil fuel investment and slash greenhouse gas emissions.

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