Libya is boosting oil and gas production, attracting $20 billion in investment and forging regional ties, positioning itself as a key supplier for Europe and a leader in African energy development.
TRIPOLI, Libya – Libya’s energy sector is rebounding, attracting global investors and signaling a renewed commitment to production expansion, gas monetization and long-term partnerships. At the Libya Energy & Economic Summit (LEES) 2026 in Tripoli on Saturday, officials outlined a clear roadmap for growth, reform and regional collaboration.
$20 Billion Investment Pipeline
Libya’s oil production reached an average of 1.375 million barrels per day (bpd) in 2025 – the highest in years – and the government aims to reach 2 million bpd by 2030, backed by a $20 billion investment program.
“We witnessed the highest production rate in years, averaging 1.375 million bpd, which is a strong testimony to our recovery and stability,” said Minister of Oil and Gas Dr. Khalifa Abdulsadek. “We have launched a program with 15 companies, and we expect production to rise over the next five years with a $20 billion investment.”
Contract terms have been extended to 25 years, offering predictable, long-term investment conditions and aligning with global practices that support multi-decade upstream development.
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