Libya’s vast fossil fuel potential and “investor-friendly reforms” are attracting global energy firms despite the inherent political risks, a boost for the oil-rich African nation. The latest bid round from the country offers 22 blocks with an estimated 10 billion barrels of available resources and 18 billion barrels yet to be discovered, according to a new report from industry consultancy Enverus Intelligence Research.

Source: Libya Today December 23, 2025 20:21 UTC