Libya plans to relaunch unawarded oil exploration blocks in a new licensing round to attract foreign investment. Only five of 22 blocks were awarded previously, prompting revisions to terms and procedures. The National Oil Corporation aims to improve investor participation by easing conditions and addressing technical challenges, as the country seeks to boost its energy sector and expand oil production capacity.
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Libya Relaunches Oil Blocks Licensing
Business
30/03/2026
Libya plans to relaunch unawarded oil exploration blocks in a new licensing round to attract foreign investment. Only five of 22 blocks were awarded previously, prompting revisions to terms and procedures. The National Oil Corporation aims to improve investor participation by easing conditions and addressing technical challenges, as the country seeks to boost its energy sector and expand oil production capacity.
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