The Slow and Steady Revival of Libya's Oil and Gas Sector

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Libya is reviving its oil and gas sector despite ongoing political uncertainty, with the country offering 22 exploration blocks to oil majors and establishing partnerships with the US.

Market Impact

Market impact analysis based on bullish sentiment with 80% confidence.

Sentiment
Bullish
AI Confidence
80%
Time Horizon
Short Term

Article Context

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Over a decade since the Arab Spring and the civil war that followed, Libya has opened its doors back up to oil and gas exploration. Despite the ongoing political uncertainty, with Libya divided between two leaderships, the North African country has established a U.S.-Libya partnership and bilateral relations, as well as signed contracts with several oil majors for the redevelopment of its fossil fuel industry. In November, Libya announced it was offering 22 exploration blocks, with 11 offshore and 11 onshore. As home to Africa’s biggest…

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Original article published by OilPrice.com on February 1, 2026.
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