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🛒 تسوق الآنLargest-Ever Libyan Oil Delegation Visits London to Boost Energy Partnership
Largest-Ever Libyan Oil Delegation Visits London to Boost Energy Partnership
Libya's National Oil Corporation (NOC) sent its largest-ever delegation to London this week, marking a significant push to attract international investment and strengthen energy cooperation with the United Kingdom. The delegation, led by NOC Chairman Masoud Suleiman, included more than 30 senior officials from the corporation's main departments and affiliated operating companies.
Main Facts and Key Details
The visit took place from May 11 to 14, 2026, as part of the Africa Energies Summit and the Libya Energy Forum held in London. The Libyan British Business Council (LBBC) partnered with the NOC to host the forum, which brought together senior representatives from major international energy companies including BP, Shell, Chevron, Trafigura, SLB, Vitol, Aggreko, and Gulfsands. The delegation included chairmen from Nafusah Oil Operations, Zueitina Oil Company, Mellitah Oil and Gas, Harouge Oil Operations, Sirte Oil Company, Akakus Oil Operations, AGOCO, and Waha Oil Company. Libya's oil production has reached approximately 1.3 million barrels per day, its highest level in 13 years, with a roadmap targeting 2 million barrels per day within three to five years.
Reactions and Context
NOC Chairman Masoud Suleiman stated during the forum: "Libya is open for business and we improved our terms and conditions as well as our business environment to meet international standards." He also met with UK Minister for the Middle East and North Africa Hamish Falconer at the Foreign, Commonwealth and Development Office, where they discussed support for Libya's unified budget agreement and investment opportunities for British businesses. Peter Millett, Chairman of the LBBC, said: "The LBBC was honoured and delighted to host such a high-level delegation from the NOC to London. We are excited by the clear range of opportunities identified for UK-based companies." Ben Rawlings, Deputy Head of Mission at the British Embassy Tripoli, called the visit "a significant moment in the UK-Libya relationship."
Challenges and Outlook
The visit concluded with the signing of a Memorandum of Understanding between the NOC and the LBBC, as well as a separate MoU with the British Council to develop comprehensive training programs for NOC staff and subsidiaries. Libya's energy growth strategy relies on brownfield and enhanced oil recovery programs, the development of more than 42 marginal fields, and 19 greenfield redevelopment opportunities encompassing 1.63 billion barrels of oil equivalent. However, the country continues to face political instability and security challenges that could affect its ambitious production targets of 1.6 million barrels per day by the end of 2026 and 1.8 million in 2027.
The landmark visit signals Libya's determination to reassert itself as a major energy player on the global stage, while the UK appears eager to deepen economic ties with the North African nation as it seeks to stabilize and develop its vital oil and gas sector.
