LIBYA: Libya has opened its energy sector to major international players for the first time in nearly two decades by awarding oil and gas exploration blocks to global companies, including Chevron, Eni, QatarEnergy, and Repsol. The state-owned National Oil Corporation offered exploration rights across key onshore and offshore basins as part of a broader effort to revive the country’s oil production and attract foreign investment. This move comes amid ongoing political uncertainty but reflects renewed confidence in Libya’s vast hydrocarbon potential. Officials aim to boost output and leverage technical expertise to strengthen their oil industry after years of stagnation. The awards signal a strategic turning point for the Libyan economy and its role in global energy markets.
- Pray that oil and energy developments bring sustainable prosperity and improved livelihoods to the people of Libya (The Holy Bible, Psalm 72:16).
- Pray that institutions and leaders involved in these partnerships act with transparency, fairness, and accountability (The Holy Bible, Proverbs 11:1).
News Source: News Now—Libya
Image Source: Canva
