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Energy Giants National Oil Corporation (NOC), Eni, OMV, Repsol and TotalEnergies to Drive Libya’s Upstream Transformation at Libya Energy & Economic Summit (LEES) 2025

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Leading energy players will discuss their investment plans and explore strategies for driving growth in Libya’s resource-rich sector on the panel, “Unlocking Libya: The Next Frontier for Exploration and Investment”

TRIPOLI, Libya, January 10, 2025/APO Group/ — 

Libya’s top international operators and the National Oil Corporation (NOC) will take center stage at the Libya Energy & Economic Summit in Tripoli next week for the panel Unlocking Libya: The Next Frontier for Exploration and Investment. The panel will spotlight strategies for driving new exploration, overcoming investment barriers and fostering sector growth, while sharing insights into the opportunities and challenges in this resource-rich yet underexplored market. Farhat Bengdara, Chairman of the NOC, will deliver a keynote address before the panel, followed by featured speakers: 

  • National Oil Corporation (NOC)  
  • Luca Vignati, Upstream Director – Eni 
  • Berislav Gašo, Member of the Executive Board and Executive Vice President, Energy Division – OMV 
  • Francisco Gea, EMD Exploration & Production – Repsol 
  • Julien Pouget, Senior Vice President, Middle East and North Africa – TotalEnergies 

As the steward of Libya’s hydrocarbon resources, the NOC plays a vital role in driving the country’s energy ambitions by fostering partnerships with international operators and strengthening Libya’s position on the global and regional energy stage. The NOC is rolling out 45 greenfield and brownfield projects across the oil and gas value chain, with plans to revamp infrastructure and reach a production target of 2 million barrels per day. Additionally, the NOC is set to launch a licensing round in Q1 2025 to attract new upstream investment in onshore and offshore exploration blocks, and is expected to discuss its strategic initiatives and role in shaping Libya’s energy future at the upcoming summit.   

The Libya Energy & Economic Summit is set to take place in Tripoli on January 18-19, 2025. The event will bring together industry leaders, investors and policymakers, aiming to foster dialogue, secure investments and support the growth of Libya’s energy and infrastructure sectors. For more information, visit https://LibyaSummit.com 

Eni continues to lead exploration and production efforts in Libya, in strategic partnership with the NOC. Recently, it resumed onshore exploration with the A1-96/3 well in the Ghadames Basin and ongoing activities in Area B. Eni’s $8 billion Structures A&E Project, set to produce 750 million cubic feet per day by 2026, will play a critical role in meeting domestic energy needs and supporting Libya’s economic diversification goals. At LEES 2025, Eni will discuss how its projects contribute to Libya’s energy growth and the broader regional market. 

OMV remains a key player in Libya’s upstream sector, recently resuming exploration activities in the Sirte Basin with the drilling of the Essar well in the C103 license. The company is advancing plans to drill another well using an infrastructure-led approach and is partnering in the Murzuq Basin to expand its footprint. OMV will highlight these initiatives at LEES 2025, emphasizing its ongoing dedication to driving exploration and boosting investment in Libya’s hydrocarbon sector.  

Repsol’s extensive experience in upstream oil and gas operations has solidified its position as a key partner in Libya. The company is expanding its exploration footprint, planning to drill nine wells by November 2025, with ongoing activities in contract blocks NC115 and NC186. Repsol aims to achieve 350,000 barrels per day by the end of 2025, maximizing resource potential in key concessions. At LEES 2025, Repsol will showcase its contributions to Libya’s energy sector growth and its collaborative efforts to unlock the country’s oil and gas potential. 

TotalEnergies continues to lead Libya’s energy sector growth, contributing around half of the country’s oil production. At the Waha fields, the company has focused on reducing gas flaring and methane emissions while advancing frontier exploration. Additionally, TotalEnergies is driving Libya’s renewable energy future with a 500 MW solar PV project in partnership with the Renewable Energy Authority. The French major is expected to highlight its integrated approach to energy development, showcasing how its projects are helping unlock Libya’s potential and contribute to long-term energy security. 

Distributed by APO Group on behalf of Energy Capital & Power

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As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

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Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

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The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

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This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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