Libya’s National Oil Corporation (NOC) announced it will host a joint energy forum in partnership with U.S.-based Freedom First, designed to attract greater investment into the country’s oil and gas sector. The meeting will convene American energy companies, Libyan investors, and policymakers to explore opportunities in upstream and infrastructure development, Reuters reported.
The move comes on the heels of NOC’s memorandum of understanding with ExxonMobil earlier this month, which marked the U.S. major’s return to Libya after a decade-long hiatus. Industry analysts highlighted in Reuters that the renewed engagement signals growing investor confidence in Libya’s ability to stabilize its energy sector despite ongoing political challenges.
NOC officials emphasized that the forum will not only seek capital inflows but also technical partnerships aimed at modernizing production facilities, expanding offshore exploration, and upgrading downstream infrastructure. Energy experts cited in Reuters noted that such efforts could position Libya to reclaim its status as a key supplier within OPEC and beyond.
