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From Re-Entry to Expansion: Libya Sets Growth Agenda at Libya Energy & Economic Summit (LEES) 2026

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Energy Capital

Libya outlined its next upstream phase on day one of the Libya Energy & Economic Summit, with production growth centered on IOC re-entry, gas projects and regional cooperation

TRIPOLI, Libya, January 26, 2026/APO Group/ –The Libya Energy & Economic Summit (LEES) 2026 opened in Tripoli on Saturday with a series of strategic announcements underlining its renewed upstream momentum and investment appeal. Prime Minister Abdulhamid Al-Dbeibeh confirmed that the country’s first major oil and gas licensing round in more than 17 years – launched in March 2025 – will have its results announced in February 2026. The round, covering 22 onshore and offshore blocks under revised fiscal and profit-sharing terms, is designed to improve competitiveness and support Libya’s push toward higher production and diversified investment.

 

Prime Minister Al-Dbeibeh framed the summit as a turning point for Libya’s energy sector, highlighting rising output, stronger partnerships and structural reforms. He cited crude oil production exceeding 1.4 million barrels per day (bpd) and total oil equivalent production of more than 1.52 million bpd in early 2026 as evidence of progress following years of disruption.

 

Waha Re-Entry Agreement: $20B Investment to Boost Output

 

In one of the summit’s biggest deals, Libya signed a 25-year oil development agreement with France’s TotalEnergies and the U.S.’s ConocoPhillips via Waha Oil Company, backed by more than $20 billion in foreign-financed investment. The deal aims to modernize upstream operations and boost production capacity by up to around 850,000 bpd over the medium term – a major vote of confidence in Libya’s hydrocarbons sector.

 

The amendment to the Waha re-entry agreement, signed at LEES by TotalEnergies CEO Patrick Pouyanné and ConocoPhillips CEO Ryan M. Lance, reinforces long-term IOC commitment to one of Libya’s most strategic producing assets and is widely viewed as a benchmark for future upstream investment structures.

Libya and Egypt Deepen Petroleum Cooperation

 

Libya and Egypt formally signed a memorandum of understanding (MoU) to expand technical cooperation, capacity building and institutional coordination in the oil and gas sector. The agreement reflects a shared regional approach to energy security and infrastructure development, reinforcing ties between two of North Africa’s largest hydrocarbon producers.

 

Chevron Signs MoU on New Exploration Opportunities

 

In another key development, U.S. oil major Chevron signed an MoU with Libya’s National Oil Corporation (NOC) to study potential new exploration and development opportunities. This marks Chevron’s re-engagement in Libya after more than a decade since its previous exit, and signals growing interest from major international players in the country’s upstream potential.

Ministerial Panel: Production Targets and Strategic Focus

 

During a high-profile ministerial panel, Libya’s Oil & Gas Minister Dr. Khalifa Abdulsadek said the nation is targeting an increase in crude oil output from roughly 1.375 million bpd to 1.6 million bpd by the end of 2026, reflecting the progress the country has made in stabilizing production and attracting investment. Minister Abdulsadek also highlighted the importance of agreements like the Waha re-entry amendment as central to the country’s strategy for scaling production.

IOC Panel: Gas Expansion, Infrastructure and Drilling Capacity

 

Italian major Eni confirmed plans to bring its Bahr Essalam gas compression project online by the end of Q1 2026, adding around 100 million standard cubic feet per day (mmscfd) to Libya’s gas output. A second gas utilization project is expected by Q3 2026, potentially delivering an additional 100–120 mmscfd and reinforcing gas as a core pillar of Libya’s energy strategy.

 

OMV highlighted Libya’s significant stranded gas potential, estimating associated gas volumes of between 7 and 9 billion cubic meters, while stressing that infrastructure constraints – particularly evacuation and processing capacity – remain a key barrier to development. During the same panel, Libya’s NOC outlined plans to invest $2 billion to modernize gas infrastructure, including pipelines and processing systems, addressing bottlenecks that have constrained evacuation and processing capacity.

 

Operational readiness and drilling capacity also featured prominently. Assail Drilling Company (ADC) hosted a technical workshop focused on rig technology upgrades, outlining how modernized rigs and enhanced drilling efficiency could support Libya’s near-term production targets and reduce downtime across mature fields.

 

Repsol executives echoed the need for long-term visibility and stable frameworks, noting that predictable contracts and infrastructure readiness are essential for mobilizing rigs, capital and skilled personnel at scale.

Bottom Line: A Turning Point for Libya’s Energy Sector

 

Announcements from day one of LEES 2026 indicate that Libya’s oil and gas sector is moving decisively from recovery into an expansion phase. With long-term IOC re-entry agreements, advancing gas projects, renewed exploration interest and a focus on infrastructure and drilling efficiency, Libya is positioning itself for higher production, deeper regional integration and renewed relevance in global energy markets.

 

Distributed by APO Group on behalf of Energy Capital & Power.

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Africa’s Lithium Pipeline Gains Momentum as Global Supply Deficits Loom

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The upcoming African Mining Week 2026 – taking place from October 14-16 in Cape Town – will connect global investors with prospects within the lithium industry amidst an anticipated resource supply deficit by 2028

CAPE TOWN, South Africa, April 9, 2026/APO Group/ –Rising demand for lithium is positioning Africa to attract foreign investment, accelerate local beneficiation and strengthen its role in securing the global battery supply chain. A recent forecast by Wood Mackenzie projects that global lithium demand could exceed 13 million tons by 2050 under an accelerated energy transition scenario. This surge is expected to place significant pressure on supply, with deficits emerging as early as 2028. Without substantial new investments, existing lithium projects will struggle to meet demand beyond the mid-2030s.

 

Against this backdrop, Africa’s growing pipeline of greenfield and development-stage lithium projects positions the continent as an increasingly important contributor to global supply security. In 2025, Africa ranked as the largest source of new lithium supply globally, with new output from the region exceeding that of the rest of the world combined. This milestone underscores the continent’s potential to scale production and strengthen its role in the global battery minerals market.

Emerging Lithium Producers Strengthen Africa’s Supply Pipeline

Even under a slower energy transition scenario, Wood Mackenzie projects that lithium markets will remain adequately supplied until 2037, before entering deficit. This outlook reinforces Africa’s strategic role as new projects across Mali, Zimbabwe, Ghana and Namibia advance toward production.

In the Democratic Republic of the Congo (DRC), Zijin Mining, AVZ Minerals and KoBold Metals are expected to begin operations at the Manono lithium project in mid-to-late 2026, marking the country’s first lithium output. Ranked among the world’s largest hard-rock lithium deposits, Manono is expected to begin exports shortly after commissioning, diversifying DRC’s mineral output while strengthening the continent`s contribution to the global electric vehicles and battery supply chain.

Mali Emerges as a Regional Lithium Hub

Mali is also rapidly positioning itself as a key lithium producer. The Bougouni Lithium Project, commissioned in 2025, currently produces approximately 125,000 tons per annum of concentrate, with Phase Two expansion plans underway that could nearly double production capacity.

Meanwhile, the Goulamina Lithium Project, one of the largest spodumene deposits globally, is producing around 506,000 tons of spodumene concentrate annually, with expansion plans targeting one million tons per year. Together, these projects are expected to significantly strengthen Mali and Africa’s position within the global lithium market.

Ghana and Zimbabwe Expand Lithium Production and Value Addition

In Ghana, the Ewoyaa Lithium Project, developed by Atlantic Lithium, is set to become the country’s first lithium-producing mine, with production targeted for late 2027. The project is expected to produce 3.58 million tons of spodumene concentrate grading 6% and 5.5%, alongside approximately 4.7 million tons of secondary product, further strengthening Africa’s contribution to global lithium supply.

Meanwhile, Zimbabwe – currently Africa’s largest lithium producer – is accelerating efforts to move up the value chain. Government policies restricting the export of raw lithium are encouraging investment in local processing and beneficiation facilities, supporting the production of higher-value lithium products and positioning the country as a key supplier to the global battery materials market.

Investment Momentum Builds Ahead of African Mining Week

With an estimated $276 billion in new investment required to avoid the forecast supply deficits beginning in 2028, Africa’s lithium-rich countries are well positioned to attract the capital needed to expand production and downstream processing.

In this context, African Mining Week 2026 – scheduled for October 14–16 in Cape Town – will serve as a key platform for global investors, project developers and policymakers to engage on opportunities within Africa’s lithium sector. As the continent’s premier mining investment event, the conference will feature high-level discussions, project showcases and strategic networking sessions aimed at accelerating partnerships across the lithium value chain.

Distributed by APO Group on behalf of Energy Capital & Power.

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New Final Investment Decisions (FID) Propel Africa’s Mining Sector as Investors Eye $8.5T Untapped Potential

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The 2026 edition of African Mining Week will highlight recent and upcoming FIDs, alongside key projects and investment opportunities

CAPE TOWN, South Africa, April 8, 2026/APO Group/ –Australian mining company Resolute Mining has approved a $516 million Final Investment Decision (FID) for its Doropo Gold Project in the Ivory Coast. The FID advances the project into the construction phase, with first production of 500,000 ounces per annum expected by 2028, strengthening the country and Africa’s position as major gold producers. Similarly, Toubani Resources approved a $216 million FID for the Kobada Gold Project in Mali, enabling the project to enter construction. Designed to produce approximately 162,000 ounces of gold per annum, Kobada supports Mali’s strategy to expand gold output beyond the current 60 tons per annum.

 

Such approvals signal growing capital inflows into Africa’s mining sector, as developers advance projects toward production to meet rising global mineral demand while the continent seeks investment partners to unlock its estimated $8.5 trillion in untapped mineral resources.

Rising FIDs Drive New Phase of Growth for African Mining

As more mining projects reach FID stage, Africa’s mining industry is entering a new phase of expansion, with the capital strengthening the continent’s role in global supply chains while driving infrastructure development, job creation and long-term economic growth.

With global demand for critical minerals expected to triple by 2030, FID announcements across Africa are set to accelerate, underpinned by the continent’s 30% share of energy transition metal reserves. The expanding pipeline of FIDs underscores the strong momentum building across the sector.

Rio Tinto approved a $473 million investment decision to extend the life of the Zulti South Project to 2050, strengthening South Africa’s position as a long-term supplier of mineral sands including zircon and ilmenite, which are essential inputs for construction, ceramics and advanced manufacturing industries. Meanwhile, Tharisa approved a $547 million FID for an underground expansion at its Bushveld Complex operations. The project is expected to deliver over 200,000 ounces of platinum group metals (PGMs) annually alongside more than two million tons of chrome concentrate, reinforcing the country’s position as the world’s leading supplier of PGMs.

Beyond these projects, a broader pipeline of developments is advancing toward investment decisions across the continent. Major projects including the Manono Lithium Project in the Democratic Republic of Congo, the Gorumbwa Platinum Project in Zimbabwe, the Diamba Sud Gold Project in Senegal and the Kabanga Nickel Project in Tanzania are progressing toward potential FIDs as investors position themselves to capture rising demand for battery minerals and critical metals.

Investment Momentum Ahead of African Mining Week

This growing pipeline of investment decisions and project developments will be a key focus of the upcoming African Mining Week 2026, taking place October 14–16 in Cape Town. The event will connect investors, project developers and government regulators to explore partnership opportunities and investment prospects across Africa’s mining value chain. Through high-level discussions and project showcases, the conference will examine how rising FIDs are driving production growth, strengthening infrastructure development and advancing Africa’s strategy to transform its mineral wealth into long-term economic value.

Distributed by APO Group on behalf of Energy Capital & Power.

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Can Equatorial Guinea Reposition as West Africa’s Gas Hub?

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As Equatorial Guinea advances third-party gas agreements and infrastructure plans, its hub ambitions will be showcased at the Invest in African Energy Forum, with Minister Antonio Oburu Ondo and senior industry leaders confirmed to attend

PARIS, France, April 7, 2026/APO Group/ –Equatorial Guinea is moving from strategy to execution in its bid to become a regional gas hub. A series of agreements signed in early 2026 – covering cross-border supply, upstream participation and infrastructure utilization – are positioning the country to monetize gas through existing assets and regional aggregation.

 

This agenda will take center stage at the Invest in African Energy (IAE) Forum in Paris, where Equatorial Guinea will feature in a dedicated Country Spotlight session led by Antonio Oburu Ondo, Minister of Mines and Hydrocarbons. With participation from key industry players, including Panoro Energy and Perceptum, EG Ronda bid round organizer, the forum will provide a platform to outline the country’s gas sector repositioning and where investors can engage.

Momentum behind this model has accelerated in recent months. In February 2026, Equatorial Guinea and Cameroon signed a unitization agreement to jointly develop the cross-border Yoyo-Yolanda gas fields, estimated to hold around 2.5 trillion cubic feet of gas. Production from the project is slated to feed directly into Equatorial Guinea’s Punta Europa complex, reinforcing the country’s hub strategy without requiring standalone export infrastructure.

Simultaneously, the government strengthened domestic supply through a Heads of Agreement with Chevron to expand the Aseng gas project, increasing GEPetrol’s stake from 5% to over 30%. This not only stabilizes production but also secures additional feedstock for downstream processing, linking upstream development directly to the hub model.

Rather than focusing on new LNG developments, Equatorial Guinea is aggregating domestic and regional gas volumes to maximize existing infrastructure. At the core of this approach is the Punta Europa complex on Bioko Island, one of sub-Saharan Africa’s most advanced gas processing hubs, with LNG, methanol and LPG facilities already in place. The current challenge is securing reliable feedstock as output from legacy fields such as Alba declines.

The Gas Mega Hub initiative offers a faster, more cost-effective route to monetization. By processing third-party volumes from Cameroon, and potentially Nigeria, the country can leverage existing facilities while avoiding the risks and capital intensity of greenfield LNG projects. This approach opens a spectrum of investment opportunities across gas aggregation, transport, processing and downstream integration, often structured through commercially aligned frameworks that reduce execution risk.

Policy and regulatory support are central to this transition. The Ministry of Mines and Hydrocarbons has prioritized regulatory alignment and cross-border cooperation, recognizing that successful hub development depends as much on enabling frameworks as on physical infrastructure. The recent agreements reflect growing clarity and investor confidence.

For the global investment community, IAE 2026 offers a strategic opportunity to engage directly with government and operators shaping the hub model. The participation of both policymakers and companies active in the sector reinforces the credibility and immediate relevance of Equatorial Guinea’s strategy.

Equatorial Guinea is no longer waiting for new discoveries to drive growth. By leveraging existing infrastructure, securing regional supply and building flexible commercial models, the country is positioning itself as a critical node for gas monetization in West Africa. Success here could extend the life of its assets while establishing a platform for regional energy trade.

IAE 2026 (https://apo-opa.co/41nyEZQ) is an exclusive forum designed to connect African energy markets with global investors, serving as a key platform for deal-making in the lead-up to African Energy Week. Scheduled for April 22–23, 2026, in Paris, the event will provide delegates with two days of in-depth engagement with industry experts, project developers, investors and policymakers. For more information, visit www.Invest-Africa-Energy.com. To sponsor or register as a delegate, please contact sales@energycapitalpower.com.

Distributed by APO Group on behalf of Energy Capital & Power.

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