Saudi Arabia’s Midad Energy opened talks with Libya’s oil ministry as Tripoli seeks new foreign investment to rebuild its hydrocarbon sector. Midad’s chairman met Minister Khalifa Abdul Sadiq in the capital, where officials outlined plans to lift crude capacity from 1.4 million to 1.6 million barrels per day. Libya’s National Oil Corporation says 40 companies have shown interest in the country’s new 22-block exploration round, its first in nearly 17 years, as Tripoli pushes for broader upstream revival.
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Saudi Midad Eyes Libya Oil Push
Business
26/11/2025
Saudi Arabia’s Midad Energy opened talks with Libya’s oil ministry as Tripoli seeks new foreign investment to rebuild its hydrocarbon sector. Midad’s chairman met Minister Khalifa Abdul Sadiq in the capital, where officials outlined plans to lift crude capacity from 1.4 million to 1.6 million barrels per day. Libya’s National Oil Corporation says 40 companies have shown interest in the country’s new 22-block exploration round, its first in nearly 17 years, as Tripoli pushes for broader upstream revival.
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