Libya holds vast untapped oil reserves
National Oil Corporation (NOC) Chairman Farhat Bengdara announced that 70 percent of Libya’s territory remains unexplored for oil resources, suggesting significant growth potential for the sector.
Speaking at a workshop in Cairo, Bengdara emphasised NOC’s commitment to developing these resources through international partnerships.
The two-day event, organised jointly by NOC and the US Department of Commerce, began yesterday. It aims to strengthen ties with international oil companies and explore new technological developments in oil production.
Representatives from major international oil and energy companies attended the workshops, which focus on investment opportunities in Libya’s oil and gas sector.
The views expressed in Op-Ed pieces are those of the author and do not purport to reflect the opinions or views of Libyan Express.
How to submit an Op-Ed: Libyan Express accepts opinion articles on a wide range of topics. Submissions may be sent to oped@libyanexpress.com. Please include ‘Op-Ed’ in the subject line.
How to submit an Op-Ed: Libyan Express accepts opinion articles on a wide range of topics. Submissions may be sent to oped@libyanexpress.com. Please include ‘Op-Ed’ in the subject line.
Latest posts by Libyan Express (see all)
- Libya–Africa corridors project moves closer to implementation - May 03, 2026
- Trump notifies Congress of end to Iran hostilities - May 02, 2026
- Al Ahli Tripoli beat Al Ahli Benghazi in Libyan basketball finals - May 02, 2026