Momentum Builds: Libya Launches First Major Oil Licensing Round in Over a Decade

Libya’s energy sector is moving boldly into a new era, launching its first oil and gas licensing round since 2007 with an international roadshow that kicked off at CERAWeek in Houston. The NOC and the Ministry of Oil and Gas have made it clear: Libya is prioritizing stability, transparency, and international cooperation. With 22 highly promising onshore and offshore exploration blocks now on offer, the opportunity for investors is vast.

Meetings with senior executives from industry leaders like Shell, TotalEnergies, and ENI highlight the growing confidence in Libya’s investment climate. The NOC’s leadership is emphasizing proactive strategies to resolve past issues, enhance transparency, and foster sustainable development — all with a focus on building long-term, mutually beneficial partnerships with international companies.

While Libya, like any frontier market, presents complexities, the rewards for early movers could be considerable. With extensive untapped reserves, updated PSA frameworks, and visible improvements in governance cooperation, Libya is signaling to the world that it is serious about welcoming partners. For visionary investors, the time to engage with Libya’s next energy chapter is now.

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