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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.

Energy

African Mining Week (AMW) to Unlock Zimbabwe’s $12B Mining Vision Through Direct Investor Partnerships

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Etu Energias

A dedicated country spotlight at African Mining Week 2026 will showcase regulatory reforms and project developments across Zimbabwe’s mining value chain

CAPE TOWN, South Africa, June 25, 2026/APO Group/ –African Mining Week 2026 – The Most Influential Mining Conference in Africa – will connect Zimbabwean regulators and mining stakeholders with global investors to advance partnerships, as the country accelerates efforts to build a $12 billion mining industry by 2030.

Taking place from October 14 – 16 in Cape Town, AMW 2026 will feature a dedicated Zimbabwe Country Spotlight, showcasing lucrative opportunities across the country’s mining value chain. The country spotlight will feature high-level panel discussions, exclusive networking sessions and project showcases, connecting global investors and service providers with senior decision-makers from the Ministry of Mines and Mining Development of Zimbabwe, the Chamber of Mines of Zimbabwe and leading mining companies operating across the country.

The spotlight comes at a pivotal moment for Zimbabwe, as the country seeks fresh capital to unlock value from more than 60 known mineral occurrences spanning gold, lithium, platinum group metals, chrome, coal and rare earths.

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In a major move to improve investment competitiveness, Zimbabwe reduced mining-related license and permit fees in May 2026, lowering operational costs for investors while streamlining market participation. Registration fees for dealing in precious stones have been reduced from $15,000 to $10,000, while export permit fees have been cut from $1,875 to $500. New licensing categories – including permits for gold jewellery manufacturing and lithium processing plants – have also been introduced as part of a broader strategy to promote investments across in-country value addition projects. The reduction in fees for beneficiation projects follows the April 2026 introduction of export quotas for lithium concentrates ahead of a planned 2027 ban on concentrate exports. The shift is already reshaping the country’s lithium industry, with Zhejiang Huayou Cobalt achieving Zimbabwe’s first export shipment of lithium sulphate salts in April 2026.

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Coming into this picture, AMW 2026’s Zimbabwe Country Spotlight will provide investors with direct insights into these evolving regulatory frameworks, highlighting emerging investment and partnership prospects in lithium processing and across the mining value chain.

Zimbabwe’s gold sector is also positioned for renewed growth amid sustained high global gold prices (averaging $5,000 per ounce). In line with this momentum, Zimbabwe’s sovereign wealth fund, Mutapa Investment Fund, is seeking $250 million to expand gold mining operations. Against this backdrop, AMW 2026 offers a timely platform for investors to engage with one of Africa’s most prospective brownfield gold markets and explore opportunities across exploration, mine expansion and processing infrastructure.

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AMW 2026’s strong emphasis on artisanal and small-scale mining (ASM) formalization also aligns closely with Zimbabwe’s national mining development strategy. In May 2026, Zimbabwe certified 300 small-scale miners following completion of training programs safety, compliance and productivity. Supported by funding from Mutapa Gold Resources – a subsidiary of Mutapa Investment Fund – the initiative aims to train and formalize 1,500 ASM players.

 

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As the official platform where Africa’s mining opportunities are discussed and maximized, AMW 2026 will provide stakeholders with market intelligence on Zimbabwe’s evolving mining landscape and investment outlook.

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

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Energy

Nigeria Accelerates $750B Mining Vision Ahead of African Mining Week (AMW) 2026

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Etu Energias

African Mining Week will showcase opportunities within Nigeria’s mining value chain as the country seeks capital to unlock its $750 billion worth of untapped mineral deposits

CAPE TOWN, South Africa, June 24, 2026/APO Group/ –Nigeria’s mining sector is entering a new phase of growth as regulatory reforms, downstream investments and international partnerships strengthen investor confidence in one of Africa’s largest untapped mineral markets. The country’s solid minerals sector has secured approximately $3 billion in investments over the past three years, reflecting growing investor confidence as the West African nation seeks to bridge the financing gap hindering large-scale mining development.

 

The investment milestone comes as Nigeria deepens engagement with investors to unlock its estimated $750 billion in untapped mineral resources. The country is targeting an increase in mining’s contribution to GDP to 10%, creating lucrative investment opportunities for global mining industry players.

These developments come as African Mining Week (AMW) 2026 – Africa’s Most Influential Mining Conference, taking place in Cape Town from October 14-16 – prepares to showcase Nigeria’s expanding project pipeline and investment opportunities. Through dedicated country sessions, project showcases and executive networking, the event will connect international investors with Nigerian policymakers, mining companies and service providers driving the country’s mining transformation.

Nigeria’s expanding investment pipeline is a testament to its drive to strengthen partnerships. In June 2026, indigenous company Romulus Mining announced plans to increase investments across its gold and lithium portfolio from approximately $50 million to $150 million over the next three years, underscoring growing private sector confidence in the country’s mining outlook.

A partnership deal signed with Turkey in May 2026 is expected to support cooperation in geological exploration, mining technologies, digitalization and capacity building, while creating new opportunities for Turkish investment and technical expertise across Nigeria’s mining value chain.

Meanwhile, the advancement of several downstream projects – including a $600 million lithium processing facility in Nasarawa State and a $200 million lithium processing plant in Abuja – underscores Nigeria’s commitment to boosting mineral production and supporting industrialization.

Amid these developments, AMW 2026 provides a timely platform for investors seeking to capitalize on one of Africa’s most promising mining markets. The event will facilitate strategic partnerships that support exploration, mineral processing and long-term industry growth, reinforcing Nigeria’s ambition to develop a $1 billion economy by 2030 on the back of its mining industry.

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

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Uganda’s $500B Growth Ambition Puts Mining Reform and Critical Minerals in Focus at African Mining Week (AMW) 2026

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Etu Energias

African Mining Week will connect Ugandan stakeholders with global investors, fostering discussions on the future of mining in the East African country

CAPE TOWN, South Africa, June 24, 2026/APO Group/ –As Uganda accelerates its Ten-Fold Growth Strategy aimed at expanding its economy from $59.3 billion to $500 billion by 2040, the African Mining Week (AMW) 2026 conference will serve as a key platform to connect the country’s mining sector with global capital and technical partners.

 

AMW 2026 – scheduled for October 14-16 in Cape Town – will feature a dedicated Uganda Country Spotlight, showcasing emerging investment opportunities across the mining value chain as well as ongoing regulatory reforms designed to improve the country’s investment climate.

AMW comes as a critical time for Uganda as the country advances its Mining and Minerals (Amendment) Bill 2026 to improve investor protections, licensing efficiency, local content participation and the mining sector’s contribution to GDP. The country spotlight offers a platform for Ugandan authorities to pitch global investors on streamlined licensing, new incentives and emerging investment prospects.

Uganda is also finalizing preparations for its 2026/2027 oil and mineral exploration licensing round, designed to unlock new greenfield opportunities across the critical mineral sector. AMW will highlight emerging investment opportunities in cobalt, copper, iron ore, graphite, and rare earths as Uganda prioritizes critical minerals to achieve 8% annual economic growth through 2030.

In the gold sector, Uganda is advancing formalization and industrialization initiatives, integrating artisanal and small-scale miners (ASGM) – who account for 90% of gold production – into the formal economy. The launch of three-year Domestic Gold Purchase Program and the commissioning of the Wagagai Gold Project and refinery reinforces Uganda’s strategy to boost local value addition and strengthen its gold industry ecosystem.

The Uganda Country Spotlight at AMW 2026 will convene regulators, project developers, mining companies, financiers and global service providers to shape the future trajectory of Uganda’s mining sector.

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

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