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Get ready for a pivotal moment in Libya’s energy future! The Libya Energy & Economic Summit (LEES) 2026 is set to bring together top minds and key players as the nation embarks on an ambitious journey to revitalize its hydrocarbon sector.
With an aim to hit an impressive 1.6 million barrels per day (bpd) in crude oil production by the end of 2026, and a long-term vision to reach 2 million bpd within three to five years, Libya is making significant strides. This includes accelerating upstream investment and launching its first licensing round in nearly two decades. (Learn more about the licensing round)
Scheduled for January 24-26, 2026, in Tripoli, the fourth edition of LEES will operate under the theme “Infrastructure & Investment Driving Energy Growth.” The summit is proudly endorsed by the Office of the Prime Minister, the Ministry of Oil and Gas, and the National Oil Corporation (NOC), underscoring its national importance.
Expert Voices and Critical Insights
The event will feature prominent energy market analysts and advisory leaders, including:
- Haythem Rashed, Managing Director, Quidux Consulting Limited
- Jennifer Jumbe, Director-Energy & Natural Resources, S&P Global Commodity Insights
- Cristina Tomé Martinez, Technical Research Associate Director-Upstream Energy, S&P Global Commodity Insights
These experts will provide invaluable market perspectives as Libya works to attract international capital to upgrade aging infrastructure and unlock new exploration potential. S&P Global Commodity Insights, for instance, closely tracks Libya’s production recovery and notes that while output reached a 12-year high in mid-2025 (read more here), the sector’s sensitivity to political volatility highlights the need for resilient infrastructure and robust long-term investment frameworks.
The Economic Backbone and Future Goals
Libya’s hydrocarbon sector is the undisputed backbone of its national economy, contributing approximately 90% of government revenues, 95% of exports, and over 60% of GDP. Achieving the NOC’s production targets will require sustained foreign investment, estimated at $3-4 billion for infrastructure modernization, alongside political and security stability.
Recent upstream momentum is encouraging, with international majors like Eni and bp resuming exploration, Repsol active in the Murzuq Basin, and renewed commitments from TotalEnergies, OMV, and others. Gas development is also gaining strategic importance, with major projects focused on strengthening both domestic supply and exports to Europe via pipelines like GreenStream to Italy.
“The participation of analysts and advisory experts from S&P Global Commodity Insights and Quidux Consulting reflects the growing demand for high-quality data, insight and strategic guidance as Libya reopens its upstream sector,” states James Chester, CEO, Energy Capital & Power.
A Platform for Progress
LEES 2026 is more than just a conference; it’s a critical platform. It will convene government stakeholders, national and international oil companies, investors, and service providers to deep-dive into Libya’s production outlook, licensing strategy, and infrastructure pipelines. This summit offers an unparalleled opportunity for dialogue, forging new partnerships, and deal-making in one of Africa’s most significant hydrocarbon markets. Don’t miss out on this chance to be part of Libya’s energy renaissance!
Source: Original Article
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