Libya awards oil and gas blocks to major energy firms in first licensing round since 2007
Libya awarded exploration rights to firms like Chevron and Eni on Wednesday in its first bidding round since 2007. This move aims to revitalize the oil sector.
Insights:
On 11 February 2026, Libya 
LY and its National Oil Corporation (NOC) concluded the country's first licensing round since 2007, awarding oil and gas exploration blocks to several foreign firms. This milestone represents the formal return of major international energy companies to the nation's upstream sector as the NOC seeks to modernize its production capabilities.
LY and its National Oil Corporation (NOC) concluded the country's first licensing round since 2007, awarding oil and gas exploration blocks to several foreign firms. This milestone represents the formal return of major international energy companies to the nation's upstream sector as the NOC seeks to modernize its production capabilities.The awards were granted to a multinational group of companies, including Chevron Corporation from the United States 
US, Eni S.p.A. of Italy 
IT, and QatarEnergy from Qatar 
QA. Other successful participants in the round include Repsol, S.A. of Spain 
ES, MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság from Hungary 
HU, TPOC from Turkey 
TR, and Aiteo from Nigeria 
NG.
US, Eni S.p.A. of Italy IT, and QatarEnergy from Qatar QA. Other successful participants in the round include Repsol, S.A. of Spain ES, MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság from Hungary HU, TPOC from Turkey TR, and Aiteo from Nigeria NG.
