Libya’s National Oil Corporation (NOC) announced a new oil and gas discovery in the Ghadames Basin near the Algerian border. The find, made by its subsidiary AGOCO, will produce 4,675 barrels of oil and two million cubic feet of gas each day. This major discovery boosts Libya’s energy output and strengthens its position in North Africa. It also supports the NOC’s plan to expand exploration and attract more international investment.
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NOC Discovers Oil in Ghadames Basin
Business
12/11/2025
Libya’s National Oil Corporation (NOC) announced a new oil and gas discovery in the Ghadames Basin near the Algerian border. The find, made by its subsidiary AGOCO, will produce 4,675 barrels of oil and two million cubic feet of gas each day. This major discovery boosts Libya’s energy output and strengthens its position in North Africa. It also supports the NOC’s plan to expand exploration and attract more international investment.
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