Libya’s National Oil Corporation (NOC) announced plans to host a Libyan-U.S. energy forum to strengthen sector partnerships. The forum aims to attract investment in Libya’s oil and natural gas industry, vital to the North African economy. Libya remains one of Africa’s top oil producers, though output has been repeatedly disrupted since the 2014 political split.
The decade-long unrest followed the NATO-backed uprising that toppled Muammar Gaddafi, leaving rival authorities in the east and west. No date has yet been set for the event, which will be organised with U.S. firm Freedom First.
Leading U.S. energy companies, alongside Libyan investors and officials, are expected to attend, NOC said in a statement Sunday. The forum reflects renewed efforts to stabilise Libya’s energy sector and attract foreign capital amid ongoing security concerns.
Recently, NOC signed a memorandum of understanding with ExxonMobil, marking the first major U.S. investment in a decade. The agreement signals cautious optimism as Libya seeks to rebuild its energy industry while navigating political and logistical challenges.
Officials hope the event will serve as a platform for dialogue, investment opportunities, and strengthening bilateral energy cooperation. By fostering collaboration, Libya aims to restore output, reassure investors, and secure its role as a key player in global oil markets.
The upcoming forum illustrates the country’s ambition to bridge decades of inactivity with fresh international partnerships and strategic development. Libya’s energy revival story now hinges on political stability, security improvements, and sustained engagement with global partners in the sector.
