Libya Energy & Economic Summit 2026: A Pivotal Moment for the Nation’s Oil Sector
Tripoli, Libya, 12th of January, 2026: As the global energy landscape continues to evolve, Libya stands at a threshold of significant transformation in its oil sector. The Libya Energy & Economic Summit (LEES) 2026, to be held from January 24-26 in Tripoli, promises to be a landmark event for energy stakeholders as Libya re-engages the world with its pristine oil potential.
Expert Insights at LEES 2026
Notable figures in the energy market will share their expertise at LEES 2026, including Haythem Rashed, Managing Director of Quidux Consulting Limited; Jennifer Jumbe, Director of Energy & Natural Resources at S&P Global Commodity Insights; and Cristina Tomé Martinez, Technical Research Associate Director for Upstream Energy at S&P. Their presence underscores the importance of data and analytical foresight as Libya embarks on its first licensing round in nearly two decades.
A Strategic Vision for Oil Production
Under a banner themed “Infrastructure & Investment Driving Energy Growth,” LEES 2026 has garnered official endorsements from key governmental bodies, including the Office of the Prime Minister, the Ministry of Oil and Gas, and the National Oil Corporation (NOC). Libya is poised to ramp up crude oil production from approximately 1.36 million barrels per day (bpd) to a targeted 1.6 million bpd by the end of this year. Over the next three to five years, Libya aims to reach an ambitious production goal of 2 million bpd, contingent upon attracting substantial foreign investment and ensuring political stability.
Economic Backbone: The Importance of Hydrocarbon Sector
Libya’s hydrocarbon sector is vital to its economy, contributing around 90% of government revenues, 95% of exports, and over 60% of the country’s GDP. The push for increased production is not just an economic necessity but also a strategic imperative for modernizing aging infrastructure. The NOC estimates that achieving its near-term production targets will require an investment of $3-4 billion for infrastructure improvements, highlighting the need for comprehensive and long-term investment frameworks.
Analysis of Libya’s Production Recovery
S&P Global Commodity Insights plays an instrumental role in monitoring Libya’s oil and gas sector. Their analyses reveal that while Libya’s output recently hit a 12-year high, the sector remains highly susceptible to political turmoil. The establishment of resilient infrastructure and ongoing investments will be critical to mitigate these risks. Quidux Consulting, a relatively new player in the Libyan energy advisory space, specializes in providing strategic guidance, reinforcing the importance of informed decision-making.
Renewed Exploration and Commitment by International Majors
Recent developments indicate a surge in upstream activities as international oil giants such as Eni, BP, Repsol, and TotalEnergies have resumed exploration and drilling operations across key basins. The Ghadames and Murzuq Basins are focal points of this renewed interest, showcasing the potential for significant discoveries. Additionally, there is a strategic push toward gas development, which aims not only to boost domestic supply but also position Libya as a reputable exporter to Europe, utilizing pipelines like GreenStream that connect to Italy.
Call for Strategic Dialogue and Partnerships
James Chester, CEO of Energy Capital & Power, emphasized the importance of data and analysis in today’s energy market. The participation of industry experts at LEES 2026 reflects an increasing demand for reliable data and strategic support, particularly as Libya reopens its upstream sector.
The summit will feature a multidisciplinary assembly of government representatives, national and international oil companies, and investment firms, making it an invaluable space for discussing production outlooks, licensing strategies, and infrastructure initiatives. It serves as a vital platform for fostering dialogue and partnerships, essential for navigating one of Africa’s most prominent hydrocarbon markets.
Join the Energy Revolution
Participants and potential investors are encouraged to join industry leaders at LEES 2026, where the multifaceted opportunities in Libya’s energy sector will be explored. For more information, visit www.LibyaSummit.com or contact sales@energycapitalpower.com for sponsorship or participation inquiries.
With momentum building and opportunities multiplying, the time is ripe for engagement in Libya’s vibrant energy market.