Libya needs between $3 billion and $4 billion to reach an oil production rate of 1.6 million barrels per day (bpd), the acting oil and gas minister, Khalifa Abdulsadek, told Reuters on Saturday, adding that a new license bidding round is expected to be approved by the cabinet before the end of January.

Libya has 48B barrels of 'discovered but unexploited oil,' total potential estimated at 90B barrels, says senior national oil company official - Anadolu Ajansı

The Acting Chairman of Libya's state-owned National Oil Corporation (NOC) Masoud Sulaiman said on Saturday the company plans to increase daily oil and gas production to two million barrels over the next three years if "the right funds are made available.

Turkish Petroleum Corporation general manager underscores exploration, development opportunities in Libya’s offshore sector - Anadolu Ajansı

Libya is setting its sights on boosting oil production to 2 million barrels per day (bpd) within the next two to three years, with brownfield development and local investment identified as critical drivers of this growth.

The U.N. Libya mission expressed on Tuesday its alarm over what it said was footage circulating on social media featuring "brutal torture and ill-treatment" of detainees at the Gernada detention facility in eastern Libya.

The head Libya's National Oil Corporation (NOC), Farhat Bengdara, has resigned due to "health issues," and Masoud Sulaiman has been appointed as acting chief, the state oil company said on Thursday. The Government of National Unity's head,

The head of Libya's National Oil Corporation (NOC) is no longer in the role at the state oil company, two sources familiar with the matter told Reuters on Thursday. The NOC runs the technical sector of oil and gas production,

The chairman of Libya's National Oil Corporation, Farhat Bengdara, has resigned for "urgent" health reasons, the NOC said in a statement on Thursday.

Libya’s National Oil Corporation (NOC) and international energy companies TotalEnergies, Eni, OMV, Repsol and Nabors outlined key exploration milestones and strategies to advance oil and gas production in Libya at the Libya Energy&Economic Summit 2025 on January 18.

Egyptian President Abdel Fattah al-Sisi on Saturday hosted Libyan military leader Khalifa Haftar, who controls the country's east, for their first meeting since September 2021.

Speaking at the third Libya Energy and Economy Summit in Tripoli on Saturday, Sulaiman announced that Libya's oil sector is on a path of continuous recovery.