Three major state-backed energy companies will participate in the Libya Energy & Economic Summit 2026, scheduled to take place in Tripoli from January 24 to 26. Turkish Petroleum Corporation (TPAO), MOL Plc. and ORLEN Group will speak at the event amid a broader effort by Libya to revitalise its oil and gas sector. Their presence reflects growing interest in a market undergoing renewed activity after years of underinvestment and instability.
Licensing and exploration revived by Tripoli
The summit comes as Libya accelerates its upstream recovery strategy, reopening the sector to international operators. Turkish Petroleum Corporation has strengthened its involvement by signing a memorandum of understanding with the National Oil Corporation (NOC) in June, focused on 2D seismic studies across 10,000 km² of offshore blocks. The company also qualified for Libya’s 2025 bid round, marking its intent to deploy capital and expertise in exploration and infrastructure.
Gradual return of European players
Poland’s ORLEN Group, through its subsidiary PGNiG Upstream North Africa, resumed exploration activities in 2025 following the lifting of force majeure in the Murzuq Basin. ORLEN operates the EPL 113 concession, covering 5,500 km², and has held technical discussions with the NOC and Zallaf Oil and Gas concerning production forecasts at the Al-Wafa field, as well as gas infrastructure development and upstream investment opportunities.
MOL targets geographic diversification
Hungarian company MOL Plc. qualified as an operator in Libya’s first international licensing round in nearly twenty years. This milestone supports MOL’s strategy to diversify crude supply sources while expanding its presence in emerging upstream markets. The group will be represented in Tripoli by its Executive Vice President for Exploration and Production.
The 2026 edition of the Libya Energy & Economic Summit is endorsed by the Office of the Prime Minister, the Ministry of Oil and Gas and the National Oil Corporation. Held under the theme “Infrastructure & Investment Driving Energy Growth”, the event highlights the Libyan authorities’ ambition to position the country as a regional hub for energy partnerships and production.
