Dbeibah also said Libya launched its first oil and natural gas exploration licensing round in 17 years in 2025, attracting strong interest from international energy companies. Pointing to new agreements expected at the summit, Dbeibah said deals would be signed to develop two offshore natural gas fields. “The agreements between Libya’s National Oil Corporation (NOC) and France’s TotalEnergies, and the US-based ConocoPhillips will be amended. Proven natural gas reserves are estimated at around 1.5 trillion cubic meters. In recent years, stabilizing oil and gas production, upgrading energy infrastructure and integrating renewable sources into the national energy mix have remained key national priorities.

Source: Libya Today January 25, 2026 10:01 UTC