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.

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.

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.

Global oil and gas drilling contractor Nabors has announced it will add a third drilling rig to the Waha oil field in Libya’s Sirte Basin. Expected to start operation in the coming weeks, the rig adds to the company’s current fleet of two rigs operating on the field.

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,

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.

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

The Iraqi government brought back 12 people from the Kurdistan Region who spent nearly two months in Libya trying to reach Europe, a diplomat told Rudaw.

Former French President Nicolas Sarkozy has vigorously denounced a “plot” he said was staged by “liars and crooks” on Thursday at a Paris trial over the alleged illegal financing of his 2007 president

Every time I heard about human trafficking, I never thought I would be involved. I never thought I would be one of the people anyone will point