Which international energy companies signed production-sharing agreements with Libya's NOC following its 2025 licensing round?

The National Oil Corporation of Libya signed production-sharing agreements with Spain's Repsol, Turkey's state-owned Türkiye Petrolleri, Italy's Eni, QatarEnergy, and a consortium comprising Hungary's MOL Group, Türkiye Petrolleri, and Repsol.

What is the strategic goal behind Libya's 2025 licensing round and the resulting production-sharing deals?

The 2025 licensing round and subsequent production-sharing agreements aim to attract foreign investment and raise Libya's oil production capacity from approximately 1.4 million barrels per day to 2 million barrels per day, reflecting growing confidence in the country's oil and gas sector despite ongoing political divisions between rival eastern and western administrations.

Libya's NOC signs production-sharing deals with foreign firms after licensing round

Jun 15, 2026

Libya's National Oil Corporation signed production-sharing agreements with major international firms like Repsol and Eni following its first licensing round in nearly two decades. The deals aim to attract investment and increase oil production capacity from 1.4 million to 2 million barrels per day.

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