Tripoli_ The Libya Energy & Economic Summit, returning to Tripoli for its third edition on January 18-19, 2025, will bring together global investors, project developers and financiers with local stakeholders to advance partnerships and drive impactful deals across key sectors of the Libyan economy. The summit is organized in official partnership with the National Oil Corporation (NOC), the Oil & Gas Ministry of Libya and the Renewable Energy Authority of Libya, with support from the African Energy Chamber, according to a press release by organizers.
The Libya Energy & Economic Summit is set to take place in Tripoli on January 18-19, 2025. The venue will be the Rixos Convention Center Tripoli located in the city center overlooking Al Nasr Public Park that is covered by high rising trees. For more information, visit
Under the theme, At the Nexus of Global Energy Trade, this year’s summit will spotlight Libya’s vast investment potential, including over 48 billion barrels of proven oil reserves – the largest in Africa. The NOC aims to boost crude production to 2 million barrels per day by 2027, creating opportunities in enhanced recovery, infrastructure upgrades and field redevelopment. Libya is also set to launch a new oil and gas licensing round in early 2025, featuring 22 exploration blocks, supported by active campaigns in the Ghadames, Sirte, and Murzuq basins and a recent onshore gas discovery by Sirte Oil, the release said.
In early December, the National Oil Corporation (NOC) called on foreign oil companies working in Libya and assured them that now there is a great opportunity to expand their operations in the country and it would be of a great mutual interest to do so. This was the focus of a discussion between the NOC Chairman Farhat Ben Gadara and the representatives of Eni, Total, Repsol and Wintershall that took place on the sideline of the Libyan Energy Week that held in the capital Tripoli between 3-9 December.
According to the organizers’ release, LEES 2025 will convene top-tier international energy companies and organizations alongside Libya’s leading national entities. Confirmed participants include Baker Hughes, ConcocoPhillips, OMV and Harbour Energy – pioneers in energy technology; OPEC, the Gas Exporting Countries Forum and African Petroleum Producers Organization; and local players including NOC subsidiaries Sarir Oil Operations, Zallaf Libya Oil & Gas, Wazen Oil Services, Murzuq Oil Services and many more. Major financial institutions including Bank ABC and the Libyan Foreign Bank will join the conversation on financing large-scale energy and infrastructure projects essential to Libya’s growth.
Libya’s natural gas sector offers significant investment opportunities as the country aims to expand exports to Europe, leveraging its strategic location and infrastructure like the Greenstream Pipeline. With over $18 billion sought by the NOC to develop key oil and gas projects, including greenfield developments and initiatives to convert flared gas into green ammonia and power, Libya is positioning itself as a critical energy partner. An $8-billion agreement with Italy’s Eni to produce 750 million cubic feet of gas per day by 2026 underscores this potential. These opportunities will be a focal point of discussions at LEES 2025.
The summit will also highlight Libya’s renewable energy potential, particularly in solar and wind power. Boasting some of the highest solar irradiance levels in the world, Libya is actively seeking partnerships to advance its renewable energy transition and diversify its energy mix. The country aims to achieve 4 GW of combined solar and wind capacity by 2035 through largescale solar parks, wind farms and energy storage infrastructure, and is currently assessing the feasibility of a renewable energy interconnector with Malta.
“Now in its third edition, the Libya Energy & Economic Summit has solidified its position as the country’s premier international forum for private sector investment. Our goal is to ensure this year’s event delivers meaningful insights and tangible outcomes for all participants, while fostering investment and partnerships that will shape the future of Libya’s energy and economic sectors,” says James Chester, CEO of Energy Capital & Power, the summit’s organizer.
This is an important oil and gas business gathering in Libya and those who will attend will have firsthand experience about how Libya is doing and will meet Libyan officials in order to know their future plans.