By Muhammad Mamman
Libya has issued new oil exploration licences for the first time in 17 years, signalling a major push to increase its crude production.
The move is part of the country’s broader strategy to attract foreign investment, expand energy output, and strengthen its position in global oil markets.
Officials said the licences open opportunities for both local and international companies to explore untapped reserves, with the aim of boosting production levels and generating additional revenue for the national economy.
Analysts suggest that the decision could mark a turning point for Libya’s oil sector, which has faced prolonged stagnation due to political instability and underinvestment.
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