Libya is entering a new phase in its energy development.
The country holds the largest proven oil reserves in Africa, with more than 48 billion barrels, yet much of its onshore, offshore, and deepwater potential remains underexplored. Marginal fields, brownfield redevelopment, and gas monetization are increasingly in focus, opening clear entry points for both established operators and new investors.
Strategic Opportunity for African and International investors
Located on the Mediterranean coast, Libya is positioned to serve African and global markets, reinforcing its role in global energy security. As political and economic stability improves, the country is focused on restoring production, accelerating investment, and unlocking opportunities across hydrocarbons, power, and renewables.
I invite you to join me in Tripoli for the Libya Energy & Economic Summit (LEES), taking place on January 24–26, 2026. Organized by Energy Capital & Power and endorsed by the African Energy Chamber, LEES is Libya’s leading international energy conference and the platform where policy direction, capital deployment, and project delivery now converge.
Libya’s Energy Surge
Libya sits at the heart of North Africa’s energy future. With current production at 1.4 million bpd, the country targets 1.6 million bpd by the end of 2026 and 2 million bpd in the long term. Meeting these ambitions requires $3-4 billion annually to rehabilitate infrastructure, redevelop mature fields and modernize facilities – creating immediate, bankable opportunities for international partners.
The summit follows the launch of Libya’s first licensing round in 17 years, offering 22 onshore and offshore blocks, alongside over 40 marginal fields under the enhanced EPSA V framework, opening doors for both majors and agile independents.
From Exploration to Energy Transformation
Day One introduces a Technical Workshops Program on upstream operations, exploration innovation, enhanced oil recovery and AI-driven monitoring. High-level bilateral roundtables – including U.S.-Libya, Italy-Libya and France-Libya sessions – will translate dialogue into actionable partnerships.
Libya is also advancing a pragmatic energy transition. With a 20% renewable energy target by 2035, projects such as the 500 MW Sadada solar development and hybrid solar-powered oilfield operations demonstrate how hydrocarbons and renewables can drive emissions reduction, cost savings and energy security.
A Summit for Deals, Partnerships and Delivery
LEES will host senior leadership from Eni, TotalEnergies, Repsol, OMV, ConocoPhillips, leading service companies and key Libyan decision-makers, alongside national pavilions from the U.S., Italy, U.K., Turkey and France. With an estimated $18 billion pipeline of energy and infrastructure projects, the summit focuses on execution, investment closure and project delivery.
Aligned with the mission of the AEC, LEES reflects the Chamber’s prioritization of the revitalization of Libya’s energy sector as a cornerstone of Africa’s broader energy resurgence. The AEC is actively advocating for Libya’s return to sustained production growth, gas monetization and large-scale investment, while serving as a bridge between Libyan institutions and credible international partners committed to long-term value creation.
I encourage you to join me in Tripoli this January to engage directly with policymakers, operators, and investors and be part of Libya’s rise as one of Africa’s most compelling energy investment destinations.
Now is the time to invest. Now is the time to build. Now is the time to unlock Libya’s energy potential.
Warm regards,
NJ AYUK
Executive Chairman