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NEWS BRIEF


NOC 2025 Annual Report: Decade-High Production Drives Rebound Amidst Strategic Challenges
The year 2025 marked a significant milestone for Libya's National Oil Corporation (NOC), with crude oil production reaching a 10-year high of 1.374 million barrels per day. Driven by strategic drilling, infrastructure rehabilitation, and successful international marketing, the NOC generated $22.060 billion in total revenues.
The Market Research Team
May 63 min read


Libya Signs Chevron Deal to Assess 123 Trillion Cubic Feet Gas Reserves
Libya’s National Oil Corporation (NOC) has signed a Memorandum of Understanding (MoU) with Chevron to jointly evaluate the scale and commercial viability of the country's unconventional shale oil and gas resources.
The Market Research Team
Apr 292 min read


Algeria’s 2026 Oil and Gas Bid Round: A $60 Billion Strategic Expansion.
Algeria has officially launched its 2026 Licensing Round, offering 24 onshore oil and gas blocks in the Sahara Desert. This initiative is a central pillar of the country's strategy to attract foreign investment and solidify its position as a primary regional energy hub.
The Market Research Team
Apr 272 min read


BP marks its return to Algeria with a new exploration permit.
Le géant énergétique BP a obtenu un nouveau permis d’exploration d’hydrocarbures dans le bassin oriental algérien.
The Market Research Team
Apr 232 min read


Eni launches a major gas development project in Libya.
Structures A&E is a landmark offshore development project in Libya, representing the first major gas initiative in the country since the early 2000s. This strategic partnership between Eni and the National Oil Corporation of Libya (NOC) is an $8 billion investment designed to bolster domestic energy supplies and secure gas exports to Europe.
The Market Research Team
Apr 202 min read


NOC and Partners Announce Three New Oil and Gas Discoveries in Libya.
Libya’s National Oil Corporation (NOC) and international partners have announced three new oil and gas discoveries across offshore and onshore basins. These advancements in exploration activities result from long-term contractual commitments.
The Market Research Team
Apr 162 min read


NOC and Chevron Partner to Study Offshore Potential
Libya's National Oil Corporation (NOC) has entered into a strategic partnership with global energy major Chevron to explore the country's offshore potential.
During a signing ceremony, NOC Chairman Engineer Masoud Suleman announced the execution of a memorandum of understanding (MoU) with Chevron.
The Market Research Team
Apr 82 min read


Libya: Navigating the Gap Between Potential and Reality 🇱🇾
There’s a clear shift happening in the Libyan market right now. Projects are finally regaining momentum, and the sense of opportunity is more tangible than it has been in years. However, the old rule still applies: Libya is not a place where you can just "show up" and expect a seamless operation.
Omar Aininou
Apr 12 min read


NOC Celebrates Schlumberger’s Return to Pre-2011 Independent Status.
The National Oil Corporation (NOC) has announced a major strategic milestone: SLB (formerly Schlumberger) is restructuring its Libya operations into an independent entity, LIG, separating it from broader North Africa management. Returning to its pre-2011 operating structure, this move signals a powerful recovery in Libya's oil and gas sector, promising increased production, greater operational flexibility, and renewed appeal to international investment.
The Market Research Team
Apr 12 min read


NOC Sets Strategic Roadmap for 2026 Following Sabha General Assembly
The National Oil Corporation (NOC) has successfully concluded its 2025 General Assembly meetings in Sabha, unveiling a comprehensive set of directives to guide the sector through 2026.
The Market Research Team
Jan 72 min read


North Africa: A Regional Economic Growth Engine
North Africa is emerging as a significant engine of growth for the continent, led by strategic reforms and industrial strength in Egypt and Morocco. The region, comprising six countries (Mauritania, Morocco, Algeria, Tunisia, Egypt, and Libya), is set to outpace its neighbours despite structural challenges.
Omar Aininou
Dec 9, 20253 min read
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