Libya’s state-run National Oil Corporation (NOC) is set to host a Libyan-US energy forum aimed at boosting partnerships and investment in the North African country’s oil and natural gas sector.
The event, scheduled to feature representatives from leading US energy firms, Libyan investors, and officials, will be held in partnership with US company Freedom First.
This development comes after NOC signed a memorandum of understanding with US oil giant ExxonMobil, following a decade of inactivity in Libya due to security reasons.
Libya, one of Africa’s largest oil producers, has faced repeated disruptions in output since 2014 due to the country’s chaotic decade-long conflict.
Despite these challenges, Libya’s crude oil production hit its highest levels since 2013 in 2024, reaching 1.4 million barrels per day, with plans to increase production to 2 million barrels per day.
The NOC has also announced plans to offer 22 onshore and offshore exploration blocks in 2025 to attract foreign investment and revitalize the country’s energy sector.
