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The Democrat News > Blog > Uncategorized > Libya opens first oil bid in 17 years.
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Libya opens first oil bid in 17 years.

elijah-muyambo
Last updated: March 6, 2025 4:00 pm
elijah-muyambo
Published March 6, 2025
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Libya launches its first oil bid round since 2008, aiming to attract investors and boost exploration in its resource-rich basins.Libya’s energy sector is growing, with Mellitah resuming gas production and Eni launching a major offshore drilling campaign. BP is advancing exploration in the Ghadames Basin.

Key projects include Eni’s Structures A&E and Sabratha Compression, set for 2025, and the Bouri Gas Utilization Project. Libya is emerging as a key African energy player.African Energy Week (AEW) 2025 will spotlight Libya’s energy sector revival, offering a platform to attract investors and secure partnerships. With the bid round confirmed, AEW will drive discussions on regulations, infrastructure, and resource development, bringing together Libyan and global energy leaders.Libya’s 2025 bid round signals major transformation, attracting global investors. NJ Ayuk says Libya is key to Africa’s energy future, a focus of AEW 2025.

With rising production, advancing offshore projects, and growing private investment, Libya signals it is open for business. As Africa’s energy sector evolves, Libya is set to be a key player in the global market.

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