Libya issues rare oil exploration licences to foreign firms

Al JazeeraCenterEN 2 min read 75% complete by By News AgenciesFebruary 11, 2026 at 08:37 PM

AI Summary

short article 2 min

Libya's National Oil Corporation (NOC) awarded new oil and gas exploration rights to foreign firms on Wednesday, marking its first licensing round since 2007. Winning bidders include Chevron, Eni North Africa with QatarEnergy, Repsol with British Petroleum, Repsol with Hungary’s MOLGroup and Turkiye Petrolleri, and Nigeria's Aiteo. The move aims to revitalize Libya's oil sector after years of disruption following the 2011 conflict. Despite the awards signaling renewed interest, experts noted the response was smaller than anticipated, likely due to ongoing political instability and security concerns in the region. Libya remains divided politically, impacting oil production and revenue distribution.

Key Entities & Roles

Key Player Opposition Context

Masoud Suleiman Musa 30% Hamish Kinnear 30% British Petroleum 40% Turkiye Petrolleri 40% MOLGroup 40% Repsol ×250% Aiteo ×260% QatarEnergy ×260% Eni ×270% Chevron ×270% National Oil Corporation (NOC) ×380% Libya ×790%

Sentiment Analysis

Neutral

Score: 0.00

Source Transparency

Source

Al Jazeera

Political Lean

Center (0.00)

Far LeftCenterFar Right

Classification Confidence

90%

Geographic Perspective

Libya

This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).