Libya’s Oil Licensing Round Fails to Deliver Promised Comeback ...Middle East

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Libya’s Oil Licensing Round Fails to Deliver Promised Comeback
source : OILPRICE ( Middle East ) () 951
Libya’s first oil licensing round in more than 17 years, launched by the National Oil Corporation (NOC) in March 2025, was meant to signal the country’s upstream comeback after more than a decade of war and fragmentation. The round offered 22 onshore and offshore blocks, including 19 undeveloped discoveries, and drew strong early interest: 44 companies and one consortium applied, with 37 pre-qualified by July. Established players such as Eni, TotalEnergies, BP, Repsol and OMV were joined by a wide range of international entrants, from…

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