Libya stands on the cusp of a transformative era in its energy sector. The Libya Energy & Economic Summit (LEES), returning for its fourth edition on 24-26 January 2026 in Tripoli, represents the most renowned and influential gathering in the country’s energy landscape.
Why Libya?
Africa’s Largest Oil Producer
Libya holds the largest proven oil reserves in Africa, with over 48 billion barrels – and much of its onshore and offshore potential remains underexplored. Strategically located on the Mediterranean coast, Libya is ideally positioned to serve both European and African markets, making it a vital partner in global energy security.
Libya’s Strategic Role in Energy
Following recent efforts to stabilize its political and economic landscape, Libya is focused on revitalizing production, attracting foreign investment and unlocking new opportunities in hydrocarbons, power and renewables.
Driven by Global Companies
International companies have long been at the helm of Libya’s oil industry.
France’s TotalEnergies, Italy’s Eni, Spain’s Repsol, Norway’s Equinor, British multinational bp and Algeria’s Sonatrach have all resumed in-country operations and pledged to support Libya’s oil and gas growth.
Why now?
Major Upstream Drive
Libya will launch a new oil and gas licensing round within the year and has already attracted early interest in its marginal assets, coupled with ongoing exploration campaigns in the Ghadames, Sirte and Murzuq basins and a recent onshore gas discovery by Sirte Oil.
National Infrastructure Revamp
The Libyan government is launching a major rehabilitation of its national infrastructure, including a new airport in Benghazi, a new railway development in eastern Libya and the revival of the Sirte-Benghazi rail project, supporting energy sector activities and key economic sectors.
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