Officials sealed the agreement during the Libya Energy and Economic Summit in the capital Tripoli. It was signed through Waha Oil Company, a unit of the state-owned National Oil Corporation that operates several oil and gas fields and other assets. "By opening new opportunities for competitive international investment, Libya is signalling it's ready to play in the big league again," he said. Several international oil companies including BP, Chevron, ExxonMobil, TotalEnergies, Eni, Shell and OMV have qualified for the new licensing round that covers 22 areas for oil exploration and development, with 11 blocks offshore and 11 onshore. Prime Minister Abdul Hamid Dbeibah speaks on the first day of the Libya Energy and Economic Summit in Tripoli.

Source: Libya Today January 24, 2026 13:31 UTC