Libya's National Oil Corporation has signed production-sharing agreements with several international energy companies, including Eni, following the country's first licensing round in nearly two decades.

The announcement was made by the group's chairman, Massoud Suleman.

Agreements were also signed with Spain's Repsol, the Turkish state-owned company Türkiye Petrolleri, and QatarEnergy, as well as with a consortium composed of the Hungarian group Mol, Türkiye Petrolleri, and Repsol, Suleman stated in a note published on social media.

The deals follow Libya's 2025 tender round, through which the NOC awarded exploration blocks to foreign firms. This comes as the OPEC member seeks to attract investment and increase its oil production capacity to 2m barrels per day, up from the current level of approximately 1.4m.

Suleman said the agreements reflect growing confidence in the Libyan oil and gas sector and will support the expansion of exploration, development, and production.

In February, Libya awarded exploration blocks to several companies, including Chevron, Eni, QatarEnergy, and Repsol, in its first licensing round since 2007, despite persistent political divisions between rival administrations in the east and west of the country.

(Translated by Agnese Napoletti, editing by Claudia Cristoferi)