Libya Prepares to Host Major Energy Summit in 2026 as Oil Production Targets Double

by Adedotun Oyeniyi

KEY POINTS


  • Libya will host its flagship energy summit in January 2026 for three days, showcasing plans to double oil production and develop gas infrastructure.
  • The event follows Libya’s first exploration licensing round in 17 years, offering 22 blocks to international investors.
  • Supported by Libya’s oil ministry and NOC, the summit aims to strengthen public-private partnerships amid the country’s energy sector revival.

Tripoli will host the fourth edition of the Libyan Energy & Economic Summit (LEES) from January 24 to 26, 2026, marking the first time the event will span three full days.

According to the Energy Capital Power, the expanded format reflects growing international interest in Libya’s energy sector as the country aims to boost oil production to two million barrels per day within the next three years.

“The LEES 2026 energy summit will represent an opportunity to analyze the national energy strategy and strengthen the involvement of private sector actors, both local and international,” organizers stated. The event, supported by Libya’s Ministry of Oil and Gas and the National Oil Corporation (NOC), will focus on developing natural gas infrastructure and fostering public-private partnerships.

Historic exploration attract global investors in the energy summit

The Energy Summit gains added significance as it follows Libya’s first exploration licensing round in 17 years, concluding in late 2025. The bidding process covers 22 onshore and offshore blocks, with Libya’s 33 percent exploration success rate positioning it as a Mediterranean hotspot for energy investment.

Industry analysts note the country’s 167 active contractual blocks and untapped potential could draw major international operators. The event will serve as a platform to discuss outcomes of the licensing round and new opportunities in downstream sectors. “With oil production rebounding and political stability improving, Libya is reclaiming its role as a key energy player,” said a European energy analyst familiar with North African markets.

The summit comes amid Tripoli’s efforts to modernize energy infrastructure and attract foreign capital. Recent developments include the Zawiya Oil Refining Company’s new industrial plant, signaling Libya’s commitment to sector growth. However, challenges remain, including potential budget tensions between Tripoli and Benghazi administrations.

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