en.Wedoany.com Reported - Libya's National Oil Corporation (NOC) has signed production sharing agreements with several international energy companies to drive upstream development following the country's first licensing round in nearly 20 years.

The signatories include Repsol, Turkish Petroleum, Eni, and QatarEnergy, as well as a consortium comprising MOL Group, Turkish Petroleum, and Repsol. These deals are based on the results of Libya's 2025 licensing round, in which NOC awarded new exploration acreage with the goal of increasing oil production capacity from the current approximately 1.4 million barrels per day to 2 million barrels per day.

NOC Chairman Massoud Suleman stated that these agreements reflect growing confidence in Libya's oil and gas sector and will drive exploration, development, and production growth. In February, Libya awarded exploration blocks to companies including Chevron, Eni, QatarEnergy, and Repsol, marking the first licensing round since 2007.

Libya's 2025 licensing round covers 11 onshore blocks and 11 offshore blocks in high-potential basins such as Sirte, Murzuq, and Ghadames, as well as unexplored areas in the Mediterranean Sea. NOC is responsible for the exploration, development, and export of Libya's hydrocarbons, and provides research, training, procurement, and other services for the oil and gas sector.

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