TRIPOLI, Libya

Libya’s prime minister on Saturday said the country’s oil output reached its highest level in 12 years in 2025, climbing to 1.37 million barrels per day.

Speaking at the opening of the Libya Energy and Economy Summit (LEES) 2026 held in Tripoli, Prime Minister Abdulhamid Dbeibah said last year production began at several oil fields across the country, including Iravn, Mutahandush, al-Khayr, Hamada 47 and Sinawan.

Dbeibah also said Libya launched its first oil and natural gas exploration licensing round in 17 years in 2025, attracting strong interest from international energy companies.

He said the results of the tender are expected to be announced in the second week of February.

Pointing to new agreements expected at the summit, Dbeibah said deals would be signed to develop two offshore natural gas fields.

“The agreements between Libya’s National Oil Corporation and France’s TotalEnergies and the US-based ConocoPhillips will be amended. The agreement will run for 25 years and include investments exceeding $20 billion,” he said.

The prime minister said amendments would also be made to agreements between Libya’s National Oil Corporation (NOC) and France’s TotalEnergies and US-based ConocoPhillips.

He added that the summit would also see the signing of a memorandum of understanding with US energy company Chevron covering exploration, field development and production opportunities, as well as a cooperation agreement with Egypt on exploration, production and related logistics services.