Libya’s oil sector is regaining momentum as new discoveries and foreign investment boost production. The National Oil Corporation reported fresh finds in the Ghadames and Sirte basins, while international firms including OMV, Eni, TotalEnergies, BP, and Sonatrach have resumed operations ahead of the 2026 Libya Energy & Economy Summit. The surge reflects growing global confidence in Libya’s stability, positioning the country to reclaim its role as a key North African energy hub.
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Foreign Firms Fuel Libya Oil Revival
Business
12/11/2025
Libya’s oil sector is regaining momentum as new discoveries and foreign investment boost production. The National Oil Corporation reported fresh finds in the Ghadames and Sirte basins, while international firms including OMV, Eni, TotalEnergies, BP, and Sonatrach have resumed operations ahead of the 2026 Libya Energy & Economy Summit. The surge reflects growing global confidence in Libya’s stability, positioning the country to reclaim its role as a key North African energy hub.
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