Libya Is About to Run a Second Oil Licensing Round. Farhat Bengdara on What the First One Actually Proved

Libya’s second licensing round is expected to open late in 2026 or early 2027, under an updated EPSA-V framework that will extend bidding into the Pelagian basin alongside the Sirte, Murzuq and Ghadames basins covered in the first round. Planning for that Libya upstream push toward 2027 is already visible: the NOC is preparing to launch a dedicated Upstream Hub at January’s Libya Energy and Economic Summit in Tripoli. Libya oil production in 2026 is running close to 1.4 million barrels a day, the highest level in a decade, and the stated goal for year’s end is 1.6 million barrels a day, with 2 million the longer-term target.

Read the full article here: https://ipsnews.net/business/2026/09/23/libya-is-about-to-run-a-second-oil-licensing-round-farhat-bengdara-on-what-the-first-one-actually-proved/