Libya’s oil and gas sector in 2025 has been defined by a return to stability and a focus on long-term infrastructure health. Moving past the volatility of previous years, the National Oil Corporation (NOC) has successfully maintained production above the psychological 1.2 million barrels per day (MMb/d) threshold for the majority of the year.

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