Tripoli— During the opening of the Libya Energy and Economic Summit 2025 in Tripoli on Saturday, PM Abdulhamid Dbeibeh said “the Ministry of Oil and Gas (MOG) and the National Oil Corporation (NOC) are preparing to launch new energy exploration tender aiming to increase production capacity.” He also stressed that his government is committed to supporting the energy sector as a primary driver for the Libyan economy.
He added that his government has been working to overcome the difficulties that the oil sector faced over many years, and provided the necessary resources to solve the sector’s crises, the result of which contributed to increasing crude oil production to 1.413 million barrels per day, comparing to 800,000 barrels per day before he took office.
“I succeeded in adopting difficult policies that ensure the neutrality of oil from any political exploitation, and spending its revenues in accordance with state legislation in a manner consistent with good governance and oversight,” Dbeibeh told over a 1000 Libyan and international oil and economic stakeholders who took part in the proceedings of the summit.
Mr. Dbeibeh pointed out the reactivation of production in 10 oil fields that were idle or sabotaged, leading to a total production of about 69 thousand barrels per day, including the Erawan and North Hamada fields, and the latest of which is the Camelia field.
On the sidelines of Libya Energy and Economic Summit, Mr. Dbeibeh met with the representatives of the American Nabros drilling company along with the Libyan Assail Drilling Co. in the presence of the Chargé d’Affaires of the US Embassy in Libya, Jeremy Berndt. The meeting discussed prospects for cooperation in the energy sector, between local and international companies, with the aim of developing the field of drilling and maintenance of wells.
He also held meetings with the Vice President of Total Energy, and a delegation from British Petroleum (BP) headed by the Executive Vice President of Exploration and Production, in addition to the CEOs of the Spanish Repsol and the Austrian OMV. He underlined the important role of international oil companies and their partnerships in supporting the economic growth in Libya.
According to the Government of National Unity’s (GNU) official Facebook platform, Hakomitna, the third edition of the Libya Energy and Economy Summit 2025 witnessed the attendance of around 1,500 energy and economic specialists as well as the participation of 30 countries. This in addition to the participation of 490 international companies operating in the oil and energy sector.