Title: NOC and Eni Resume Offshore Exploration off the Libyan Coast
Date: 5 October 2025
Libya’s NOC and Italy’s Eni have resumed oil and gas exploration in several offshore areas in north‑western Libya after more than five years of inactivity. The restart follows completion of technical and environmental assessments and is part of NOC’s wider plan to boost offshore reserves and production capacity
Title: New Oil and Gas Discovery in Libya’s Sirte Basin
Date: 4 November 2025
A new discovery at exploration well B1 on Block 106/4 in the Sirte Basin has tested at more than 4,200 barrels of oil per day and around 2.6 million cubic feet of gas per day. The find, operated with Libya’s NOC, supports the country’s goal of restoring production and attracting further international exploration investment
Title: Libya Launches 2025 Oil and Gas Exploration Bid Round
Date: March 2025 (official announcement)
The NOC has launched Libya’s first oil and gas exploration bidding round in over 17 years, offering 22 onshore and offshore blocks to international investors. The round, which includes eleven offshore areas in the Mediterranean, is designed to modernize Libya’s upstream sector and support a long‑term production target of up to 2 million barrels per day
Title: Libya Advances $8 Billion Offshore Gas Development Project
Date: 20 August 2025
Libya is moving ahead with the multi‑billion‑dollar offshore gas project known as Structures A & E, aimed at increasing gas exports to Europe and cutting emissions. New contracts, revised timelines and cooperation with international partners underscore the country’s strategy to leverage offshore gas as a pillar of energy security and economic recovery
Title: Fuel Supply Stability
Date: January 7, 2026
Libya Oil Corporation held talks with the Economy Minister to secure steady petroleum derivatives supply, focusing on a 2025 decree adjusting margins for firms like Brega Oil Marketing to keep retail fuel prices at 0.15 dinars per liter
Title: Oil Revenue vs. Currency Sales
Date: January 8, 2026
Libya’s Central Bank reported $155 million in oil revenues from early January through January 8, 2026, while foreign currency sales exceeded $1 billion in the same period, sparking concerns over fiscal imbalances ahead of Ramadan