Libyan Oil Minister Khalifa Abdulsadiq revealed plans to launch a second round of oil tenders and licensing, following strong international interest in the current bidding round, which includes 22 onshore and offshore blocks. Speaking on Saturday on the sidelines of the Libya Energy and Economic Summit 2026 in Tripoli, Abdulsadiq said a second oil bidding round is almost 90 percent certain, describing it as a major step in the country’s efforts to develop and revive the oil sector. During a roundtable organized by the British–Libyan Business Council, the oil minister added: “If we look at what has been achieved in the latest bidding round, many were not confident in our ability to meet our commitments, but we did. We still have to wait for the final result to be issued next month, but it is now almost a foregone conclusion.”"The latest bidding round is a testament to the level of interest international oil companies have in Libya’s energy sector. That dependence makes it essential to preserve the sector through a consistent and organized process.” He said.

Source: Libya Observer January 25, 2026 21:10 UTC