Turkey is in negotiations to explore oil and gas opportunities in Bulgaria and is also planning similar activities in Iraq ...

Tripoli will host the fourth edition of the Libya Energy & Economy Summit from January 24 to 26, 2026. The three-day event ...

Libya’s latest oil and gas licensing round roadshow will be held in Istanbul on 17 April, as part of the country’s efforts to ...

April 9, 2025: In January Tripoli prison warden Osama Al-Masri Njeem was arrested and jailed while visiting Italy to watch Juventus play football. Two days later Al-Masri was released and flown back ...

The dispute over the leadership of the central bank last August and the associated disruption in oil production weighed on growth in 2024. Output is estimated to have contracted, driven by the forced ...

Libya controls nearly 6.7 percent of the total Arab recoverable oil deposits of around 717 billion barrels, which account for around 54 percent of the world’s proven oil reserves, Jamal Al-Loughani ...

Libya's economy is expected to improve in 2025, driven by oil production growth, though non-oil sectors will maintain a 5-6% ...

The whole economy is a victim of lawlessness and corruption." Libya has more access to crude oil reserves than any other country in Africa. It has always been heavily reliant on fuel exports to ...

Libya has launched its first bidding round for oil exploration in more than 17 years, aiming to bolster its position in the global oil market and achieve a production target of two million barrels ...

LONDON, April 7 (Reuters) - Libya is set to offer 22 areas for oil exploration and development in its first such bidding round in more than 17 years, oil officials said on Monday, adding that ...

Libya’s central bank devalued the dinar by 13% as the divided OPEC member grapples with a decline in crude revenue that a plunge in global oil prices ... the dinar with reserves is unsustainable.