Indian Oil Corporation Ltd

🔍 IOCL Announces Hydrocarbon Discovery in Libya – 25% Stake in 6,600 sq. km Block

• IOCL holds a 25% participating interest in a consortium exploring Libya’s Block Area 95/96.

• The hydrocarbon discovery was made in the 6th exploratory well in the Ghadames Basin.

• The block spans 6,600 sq. km and has been officially recognized by Libya’s National Oil Corporation (NOC).

• The consortium plans further appraisal to evaluate reservoir details, resource estimates, and commercial viability.

• This aligns with IOCL’s strategy to expand its international exploration and production footprint.