Libya Launches First Oil Exploration Tender Since Civil War

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Libya plans first bidding round for oil exploration in 17 years

Africa’s second-largest oil producer is exempt from Opec+ agreements to limit output

Bloomberg

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Libya Launches First Oil Exploration Tender Since Civil War

Libya launched its first tender for energy exploration since before the 2011 civil war, as the OPEC member seeks to lure back oil and gas majors following years of political instability and production shutdowns.

Africa News

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Libya to hold first oil exploration bidding round in 17 years

As Africa’s second-largest oil producer, the country is a significant player in the global oil market.

Voice of Nigeria

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Libya to Relaunch Oil Exploration Bidding After 17 Years

After nearly 17 years, Libya is set to reopen bidding for oil exploration, marking a significant step in revitalizing its energy sector. The announcement was made on Monday in a televised address by Masoud Suleman, the acting Chairman of the National Oil Corporation (NOC). As Africa’s second-largest oil producer and a key OPEC member, Libya holds a strategic position in the global oil market. However, years of political instability and conflicts…

El Economista

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Libya plans its first round of tenders for oil explorations in over 17 years, announced Monday in a televised speech Masoud Suleman, acting president of the National Petroleum Corporation (NOC). Libya is the second largest oil producer in Africa and member of the Organization of Petroleum Exporting Countries (OPEC). Foreign investors have been reluctant to invest in Libya, plunged into chaos since the overthrow of Muamar Gaddafi in 2011. Dispute…

thesudantimes.com

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Libya begins first oil bidding round since Gaddafi's fall

Libya has officially announced its first bidding round for oil exploration in over 17 years, marking a significant move in its recovery. Masoud Suleman, acting Chairman of the National Oil Corporation (NOC), revealed the decision in a televised address on Monday. The country, which is Africa’s second-largest oil producer and an OPEC member, aims to revitalize its oil sector. For years, foreign investors have been hesitant to commit to Libya due …