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Reforms Guide Identifies Top Reform Priorities to Improve Business Environment in Libya

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Reform Guide

The “Reform Guide’s” main goal is to enable constructive public-private dialogue and provide practical proposals to accelerate the economic reform process

TRIPOLI, Libya, June 8, 2023/APO Group/ — 

More than 600 Libyan companies participated in a recent survey to identify necessary reforms for a better business environment in Libya. The result, the 2023 “Reforms Guide” (https://apo-opa.info/3P4tltg) presents 20 top-priority reforms needed to create a more business-friendly environment and support the growth of the private sector in Libya.

The World Bank’s “Ease of doing business” index (https://apo-opa.info/43NDKO5) ranks Libya at its bottom end (186th out of 190 countries). In a large-scale consultative process with Libyan entrepreneurs, chambers of commerce, government officials as well as Libyan and international economic experts, a recent survey sheds light on issues hindering Libyan enterprises’ growth potential, such as the unavailability of equipment leasing, the high legal fees of enterprise registration and registration renewal, and the lack of online credit card payments.

Based on the survey’s findings, a consortium of Libyan and international experts identified the key issues Libyan enterprises of all sizes and sectors said they face and offered concrete recommendations to facilitate a sustainable reform process. The “Reform Guide’s” main goal is to enable constructive public-private dialogue and provide practical proposals to accelerate the economic reform process by focusing on key and achievable steps that will have the maximum positive impact on the country’s economy.

This guide is considered a practical beginning to guide government reform measures and enrich the dialogue between the public and private sectors in order to improve the business environment and investment climate. The Ministry of Economy and Trade will work continuously to build an effective dialogue that enhances confidence between stakeholders from the public sector, the private sector, the finance sector, and civil society institutions”. Said Mr. Suhel Busheha, Libyan Deputy Minister of Economy and Trade for Trade Affairs.

Identifying the necessary reforms for improving the business environment in Libya is the first step towards a more diversified and resilient economy and sustainable growth

Identifying the necessary reforms for improving the business environment in Libya is the first step towards a more diversified and resilient economy and sustainable growth,” said Marton Benedek, Head of Cooperation at the EU Delegation to Libya. “Libya has an enormous potential and a vibrant start-up ecosystem. The EU aims to support the growing network of SMEs in Libya and to help job-seekers build the skills on demand in today’s job market.”

The Reforms Guide has been developed in cooperation with the German Agency for International Cooperation (GIZ) (https://apo-opa.info/43rJ89L) in the framework of the EU4PSL (http://EU4PSL.org) project, funded by the European Union and implemented by Expertise France (https://www.ExpertiseFrance.fr) to support the development of the Libyan private sector.

We’re grateful and honored to support the formalization and publication of this reforms guide, a key element to connect public and private sectors in a constructive dialogue aiming at improving the business environment in Libya.” Said Mr. Julien Schmitt, Country Representative and Programs Director at Expertise France Libya. “We will continue our engagement through the economic diversification and digitalization project “E-NABLE” (https://E-NABLE.lyto support our Libyan partners in implementing the relevant mitigation actions to provide the most suitable and sustainable solutions to the top priority reforms identified in the guide.”

In addition to being a powerful practical tool for economic development in Libya, the Reforms Guide showcases an excellent opportunity for the business community, the international community, CSOs, and Media to participate actively in the reform process and monitor the progress made with priority reforms for Libya’s economic resilience and development.

The Reforms Guide is available for download (https://apo-opa.info/3P4tltg) on the EU4PSL website (http://EU4PSL.org).

Distributed by APO Group on behalf of Expertise France.

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Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

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The Liberia Petroleum Regulatory Authority will host operators, investors and partners in Houston on August 19 to preview future licensing opportunities and showcase the exploration potential of its offshore basins

HOUSTON, United States of America, August 7, 2026/APO Group/ –The Liberia Petroleum Regulatory Authority (LPRA) will present its strategy for the country’s next offshore licensing round at Liberia Investor Day Houston on August 19, bringing together international exploration companies, investors, service providers and energy leaders to discuss the next phase of Liberia’s upstream development.

Hosted in partnership with Energy Capital & Power, the event will provide a platform for the LPRA, led by Director General Hon. Marilyn T. Logan, to outline Liberia’s regulatory framework, investment priorities and plans to attract new participation across the country’s offshore sector. Discussions will focus on upcoming licensing opportunities, exploration prospects and the subsurface data supporting future investment decisions.

Liberia’s offshore sector is entering a new phase of exploration activity, with renewed international participation and a growing pipeline of opportunities. Following the award and ratification of eight Production Sharing Contracts in 2025, Liberia has re-established itself as a frontier exploration destination, with international operators advancing work programs designed to further evaluate the country’s petroleum potential. TotalEnergies is progressing exploration activities that include offshore geochemical surveys, 3D seismic acquisition and seabed mapping, while Oranto Petroleum has also signed contracts to explore Liberia’s offshore.

At the Liberia Investor Day Houston, the LPRA will provide industry stakeholders with insight into the priorities shaping the next licensing round, including the anticipated process, qualification requirements, available acreage and access to technical data. The engagement will give prospective investors a clearer view of Liberia’s exploration landscape and the opportunities emerging across its offshore basins.

The event will also facilitate direct dialogue between LPRA and the global upstream community, connecting companies with policymakers and industry stakeholders involved in shaping Liberia’s next chapter of petroleum development.

As exploration companies continue to seek new frontier opportunities, Liberia Investor Day Houston will highlight the role of regulatory certainty, data availability and strategic partnerships in unlocking long-term investment across Liberia’s offshore sector.

Registration is now open for attendees. Companies interested in Liberia’s emerging offshore opportunities are invited to join LPRA, investors and upstream leaders in Houston for insights into the country’s licensing strategy and exploration outlook. For more information contact info@energycapitalpower.com.

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

 

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Beyond Stabroek: Guyana’s Offshore Basin Attracts New Wave of Exploration Investment

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As ExxonMobil advances appraisal activity in Stabroek and new operators target frontier acreage, Guyana is attracting global capital and building a diversified offshore portfolio designed to sustain long-term growth

GEORGETOWN, Guyana, August 7, 2026/APO Group/ –Guyana’s transformation into one of the world’s fastest-growing oil producers is entering a new phase, with a growing network of IOCs expanding exploration activity across the country’s offshore basin. Beyond the landmark discoveries that first put Guyana on the global energy map, new drilling campaigns and licensing partnerships are creating a broader exploration ecosystem designed to support long-term production growth.

At the center of this momentum is ExxonMobil’s continued exploration and appraisal activity in the prolific Stabroek Block. The company has submitted a proposal for a 35-well exploration and appraisal drilling campaign, expected to run from 2028 through 2033, pending regulatory approval. The program would build on more than 30 commercial discoveries already made in the block, with drilling activity focused on evaluating new prospects and appraising existing discoveries to support future development opportunities.

Exploration activity is also extending into Guyana’s frontier acreage, with ExxonMobil advancing drilling operations at the deepwater Canje Block. The company has deployed the Noble Stena Carron drillship for exploration activity, highlighting continued industry interest in evaluating Guyana’s underexplored offshore potential beyond the established Stabroek Block.

Guyana’s strong exploration outlook comes as the country’s economy continues to benefit from rapid oil sector expansion, with hydrocarbons expected to remain a key driver of exports, government revenues and economic growth. As production scales up, attracting additional investment across exploration, services and infrastructure will be critical to supporting the next phase of development.

That momentum is being reinforced through partnerships established under Guyana’s 2023 offshore licensing round. A consortium comprising TotalEnergies, QatarEnergy and Petronas is advancing exploration activities in Block S4 under a five-year production sharing agreement signed with the government in late 2025. The award represents one of the first major outcomes of the licensing round and demonstrates continued international confidence in Guyana’s offshore resource potential.

Beyond the largest operators, a diverse group of companies is also expanding activity across Guyana’s offshore basin. Eco Atlantic is advancing exploration at the Orinduik Block; CGX Energy and Frontera Energy are progressing work in the Corentyne Block; Occidental is evaluating opportunities in the Roraima Block; while Ratio Guyana and Cataleya Energy hold interests in the Kaieteur Block. Together, these partnerships are broadening Guyana’s exploration landscape, increasing competition for acreage and creating opportunities for future discoveries.

As Guyana transitions from an emerging producer to a global energy hub, the next challenge will be converting exploration success into sustainable investment, local value creation and regional growth. These opportunities will be explored at Caribbean Energy Week 2027, held under the theme “Unlocking the Caribbean Energy Corridor: Oil, Gas, LNG & Investment for a New Global Hub.” Bringing together governments, IOCs, investors and technology providers, the event will examine how Guyana’s expanding partnerships can accelerate offshore development, strengthen regional energy cooperation and attract the capital needed to support the Caribbean’s evolving energy landscape.

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

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Energy Capital & Power Establishes London Entity, Expanding Global Platform for Energy and Mining Events

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The move strengthens ECP’s presence in the UK and Europe, and its ability to connect African and South American markets with global investors

LONDON, United Kingdom, August 6, 2026/APO Group/ –International events company Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) has officially established its UK entity in London, marking a milestone in the company’s growth strategy and reinforcing its ability to deliver world-class energy and mining events and campaigns in the UK and Europe.

By establishing a presence in a key hub like London – the pre-eminent energy and mining finance center – ECP actively shapes the global energy conversation. The expansion positions ECP to better serve clients, partners and investors seeking to develop business opportunities between Africa, Europe, the Americas and energy markets worldwide.

Opening our UK company brings ECP closer to key investors in the global energy finance capital

The milestone comes as ECP strengthens its reach through a series of investment platforms that connect global capital to energy and mining projects. These include the Venezuela Energy Week London Showcase on July 30 – with over 300 delegates registered – and the annual Invest in African Energy Forum, held in Paris as the premier event connecting global investors to Africa’s energy transformation.

ECP hosts high level summits and investor conferences in leading energy and minerals producing countries in Africa and South America, including: Venezuela Energy Week; Angola Oil & Gas; MSGBC Oil, Gas & Power; African Mining Week; Libya Energy & Economic Summit; Congo Energy & Investment Forum; South Sudan Oil & Power; and Caribbean Energy Week. The company has hosted investor forums and supported licensing round roadshows in Houston, London and Paris since 2016.

“Opening our UK company brings ECP closer to key investors in the global energy finance capital,” states CEO James Chester. “Having a permanent presence in London further cements our footprint in Europe, enabling us to fulfil our mission to bring minerals and energy investment to diverse global markets.”

With teams located across Africa, Europe and the Americas, ECP has long-facilitated strategic engagement, market intelligence and industry convening, uniting investors with leading energy and mining projects.

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

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