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Economic News

National Oil Corporation advances investment framework to fortify industry stability
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Following the hosting of the Libya Energy & Economic Summit in Tripoli from January 24 to 26, 2026, the country stands at a critical point in its economic rehabilitation. While the broader political environment is characterised by institutional duality, the energy sector has become relatively stable. Production levels have shown resilience, reaching approximately 1.38m barrels…
Economic News

Libya creates framework in pursuit of monetary stabilisation
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Libya’s public finances have long been characterised by institutional division with authorities in the east and west of the country pursuing separate budgets and development agendas. This fragmentation had previously fuelled inflation and widened hard currency deficits. In November 2025 the Libyan House of Representatives and the Tripoli-based High State Council signed the agreement on the…
Economic View

Libya balances oil expansion, gas exports and renewable energy potential

On scaling up production capacity What are the prospects for scaling up oil production, and in what ways has the sector maintained stability amid persistent challenges? PEDRO RIBEIRO: Despite headwinds, national production has remained relatively steady at around 1.3-1.4m barrels per day (bpd), highlighting both the strength of the hydrocarbon base and the adaptability of operators working…
Economic View

Libya advances oil and gas revival with renewable expansion

On rebuilding legacy assets and advancing transition goals How would you characterise the current trajectory and outlook of the hydrocarbons sector? MASOUD SULEMAN MOUSA : The hydrocarbons sector is undergoing a revival, marked by rising international investor confidence and reforms. The first licensing round since 2008 – under the fourth exploration and production sharing agreement…
Economic View

Libya boosts insurance sector to attract investment and expand coverage

On boosting penetration and the diversification of Libya’s insurance portfolio To what extent can foreign investment and international expertise help advance the development of Libya’s insurance sector? ALRAGAE: Foreign participation can serve as a key catalyst for the sector’s growth. Libya’s insurance market stands to benefit significantly from international investment– especially…
Global Platform

Naser Gadad, General Manager, AlSahl Group Holding

In this Global Platform video, Naser Gadad, General Manager, AlSahl Group Holding, talks about the factors driving Libya’s economic progress. The country’s recovery is gaining momentum, supported by rising oil production and political stability. Growth is expected across six key sectors, with the private sector playing a vital role in diversification and job creation. Construction is crucial
Economic View

Libya attracts investment to diversify and grow its economy

On rebuilding investor confidence and supporting diversification What is the outlook for renewed British engagement in Libya’s reconstruction, particularly in energy, infrastructure and education? PETER MILLETT: The recent launch of a bidding round for 22 new oil and gas concessions – split between onshore and offshore blocks – has reaffirmed Libya’s ambition to reinvigorate…
Economic View

Libya outlines oil expansion and transition priorities

On cleaner energy, sustainability and Libya's energy roadmap What technical and operational measures are key to achieving 2m barrels per day (bdp) by 2030? M. KHALIFA ABDULSADEK: Libya’s production trajectory reflects both its historical capacity and the challenges faced in recent decades. At its peak in the early 1970s, output exceeded 3m bpd, but successive non-technical disruptions—including…
Economic View

Libya targets investment priorities and good governance

On the role of sovereign wealth funds in encouraging foreign direct investment and good governance Why is governance so central to the success of sovereign wealth fund investment? ALI MAHMOUD: Good governance minimises risk and ensures that no one individual can sway the trajectory of the fund. We view governance as the cornerstone of long-term success. It allows sovereign funds to serve…
Economic View

Libya builds trade finance on local and regional growth

On the changing commercial ecosystem and how governance reforms are evolving to align with international standards How do you evaluate the trade finance landscape? MOHAMMED ALI ADDARRAT: Letters of credit remain the cornerstone of Libya’s trade finance landscape, initially dominated by imports of finished goods, such as food products, for consumer and public sector markets. Over the…