Benghazi – The Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), Haitham Al Ghais, will participate in the “Libya Energy & Economic Summit” scheduled for January 2026, where he will deliver a keynote address on Libya’s accelerating role in global energy markets and its plans to enhance strategic supplies.
According to the American website “Energy Capital & Power,” Al Ghais’s speech will focus on the importance of Libya’s role in global energy markets, the need for international investment to enhance sustainable oil production, and the steady and balanced growth of the sector. This signals Libya’s continued path in attracting global investors, following Al Ghais’s call at the 2025 summit to increase investments in hydrocarbons to meet growing global energy demand.
Libya is currently pursuing a strategy to develop its energy sector and boost oil production, which recently reached a 12-year high of 1.4 million barrels per day, with a target of reaching two million barrels per day within the next five years. The Libyan oil sector remains one of the few exempt from OPEC’s overall production quotas, which gives it the ability to increase production independently and attract foreign investment and international companies to develop its resources.
The National Oil Corporation is also intensifying its efforts to attract international companies to resume their operations in Libya. This year, it has signed memorandums of understanding with major companies such as BP, Shell, and ExxonMobil to develop onshore and offshore fields in the Sarir, Mesla, and other areas.
Libya’s oil sector is heading towards its first bidding round in nearly 17 years in 2026, which will include 22 onshore and offshore blocks for exploration and development. The tender has already attracted the interest of about 40 international oil companies.
