energy

Libya: Licensing Awards Signal “Unprecedented Confidence” in Oil

Masoud Suleiman Musa, acting chairman of Libya's National Oil Corporation, speaks during a news conference announcing grants of oil exploration and production licenses, in Tripoli, Libya, February 11 | Mahmud Turkia/AFP

Despite political risks, major international energy firms have signed new licensing deals for oil exploration in Libya for 2026. Experts say the move shows a global shift toward risk-tolerant investing in North Africa’s massive reserves.

ByNyambita Magoma
OnFebruary 12, 2026

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Libya: Licensing Awards Signal “Unprecedented Confidence” in Oil

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