OPEC Secretary General Haitham Al Ghais; APPO Secretary General Omar Farouk Ibrahim; and GECF Secretary General Mohamed Hamel will drive discussions around Libya’s oil and gas resurgence, while deliberating on key topics such as regional cooperation, global market dynamics and Libya’s emerging role as a global exporter. 

The Libya Energy & Economic Summit takes place in Tripoli on January 18-19, 2025. The event follows a highly impactful 2024 edition held in partnership with the National Oil Corporation and Ministry of Oil and Gas. For more information about sponsorship, partnerships or registration, visit www.libyasummit.com and secure your spot at the country’s premier energy platform.

Libya is embarking on an ambitious energy agenda, aiming to increase oil production to two million barrels per day by 2027. The country is driving tech-driven exploration and field development, while strengthening collaboration with a suite of international energy companies. Energy majors such as TotalEnergies, Eni, Repsol, Equinor, ConocoPhillips and bp have resumed exploration activities while Libya’s National Oil Corporation is driving exploration and production.  

To support new investments, Libya is also preparing to launch an oil and gas licensing round in early-2025, featuring concessions in the Murzuq, Ghadames and Sirte Basins. The participation of both OPEC – a global intergovernmental organization – and APPO – a continental energy organization – affirm Libya’s emerging role in global crude markets. Their participation will further strengthen global collaboration in Tripoli.

Meanwhile, major infrastructure projects are underway to boost energy trade with Europe, while investments across the natural gas industry are geared towards accelerated production, reduced flaring and newfound business opportunities for local and regional players. With over 53 trillion cubic feet of gas reserves and strategically situated in close proximity to European markets, Libya is well-positioned to boost gas exports to the bloc. The GECF’s participation underscores this potential, supporting global engagement across the gas industry.

“The participation of high-level organizations such as OPEC, APPO and GECF is a testament to Libya’s resurgence as a global energy powerhouse. The industry is gearing up towards accelerated production, leveraging tech-driven exploration solutions to maximize output at existing fields while unlocking new acreage. Discussions at LEES in Tripoli will support national energy goals,” says James Chester, Energy Capital & Power CEO.