The country’s strengthened position in global oil markets and rising European and Asian demand will take center stage at the 2026 Libya Energy & Economic Summit (LEES), scheduled in Tripoli from 24–26 January. The event will showcase Libya’s high-quality crude, growing production capacity and strategic access to international markets.

Libya’s Position as a Global Oil Exporter

Libya, an OPEC member, remains a major crude exporter, with oil accounting for the bulk of government revenue and its light, sweet crude in high demand worldwide. Key export terminals include Es Sider, Ras Lanuf, Marsa El Brega, Zueitina and the Mellitah complex, a joint venture with Eni. Crude output reached around 1.4 million barrels per day (bpd) in August 2025, with the National Oil Corporation targeting 2 million bpd by year-end.

Recent regulatory reforms and Libya’s first oil bidding round in over 17 years – offering 22 exploration blocks on investor-friendly terms – have attracted major international companies including bp, Shell, Eni, Chevron and TotalEnergies. With an estimated 48 billion barrels of proven reserves and large underexplored areas, Libya continues to draw foreign investment while steadily restoring output.

Export Destinations and Market Reach

Libya’s exports are predominantly directed to Europe and Asia. In 2024, Italy, Germany, Spain and France were top importers, with Italy leading at roughly $6.9 billion in oil imports. China imported approximately $2.2 billion of Libyan crude, reflecting the country’s strategic reach across key global markets. Europe’s reliance on Libyan crude has grown as the continent seeks alternatives to Russian oil, with EU imports from Libya totaling $22.8 billion in 2024. Energy major Eni is planning €24 billion in North African investments over the next four years, further solidifying Libya’s position in the European market.

Join industry leaders at the Libya Energy & Economic Summit 2026 in Tripoli and explore investment opportunities in one of North Africa’s most dynamic energy markets. LEES 2026 offers a premier platform for partnerships, innovation and sector growth. Visit www.libyasummit.com to secure your participation. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.