Libya Plans First Oil Exploration Tender Since 2011 Civil War
- Bid round, talks with global firms show new momentum in sector
- Ministry targets 1.6 million barrel a day output by end-2025
Refining towers and fuel storage tanks at the Zawiya oil refinery near Tripoli, Libya.
Photographer: Shawn Baldwin/BloombergThis article is for subscribers only.
Libya is planning its first tender for energy exploration contracts since 2011’s civil war, as the OPEC member looks to bring back oil majors spooked by years of instability and production shutdowns.
Authorities will offer onshore and offshore blocks in a bid round either at the end of this year or in early 2025, Oil Minister Khalifa Abdul Sadeq said Tuesday in an interview at the Adipec energy conference in Abu Dhabi.