The National Oil Corporation (NOC) of Libya has officially announced the winners of its first public oil and gas exploration bidding round in over 17 years. Held at the Rixos Hotel in Tripoli, the milestone event awarded prime investment opportunities to major international energy firms, including Chevron, Eni, and Repsol. Supported by the Government of National Unity's "Return to Life" initiative, this strategic move aims to double the nation's crude oil production, restore

The Libya Energy & Economic Summit (LEES) 2026 opened in Tripoli on January 24, 2026, marking a decisive phase in the nation's energy recovery. Prime Minister Abdulhamid Al-Dbeibeh and NOC Chairman Masoud Suleiman unveiled critical updates on production milestones and the country's first major upstream licensing round in over 17 years.

Historic Launch: In March 2025, Libya’s National Oil Corporation (NOC) announced its first oil and gas exploration bidding round in over 17 years, signaling a major revival of the country’s energy sector. Global Invitation: Libya is inviting international partners and investors to explore 22 blocks (11 onshore, 11 offshore) across its most promising hydrocarbon basins. Modernized Framework: The initiative features a new Production Sharing Agreement (PSA) model, replacing the