The National Oil Corporation (NOC) held an expanded meeting in Tripoli with senior state institutions, including the Attorney General, the President of the Audit Bureau, and the Governor of the Central Bank, to review Libya’s upcoming energy plans and ongoing coordination with international partners, including TotalEnergies.
During the meeting, NOC Chairman Masoud Suleiman outlined preparations for a major global tender that will invite leading international companies to compete in fuel supply and crude oil sales. He emphasized that the tender reflects the corporation’s shift toward a more transparent, competitive, and internationally compliant procurement framework.
To support this shift, the NOC has engaged a top global consultancy to modernize contract structures, ensuring they align with evolving energy-market requirements and offer better guarantees for both Libya and potential bidders. Suleiman explained that the new tender aims to secure the strongest technical and commercial offers while establishing a fuel-supply mechanism that eliminates delays and ensures reliable nationwide distribution.
This effort includes a collaboration with KPMG, whose expertise is being used to design a more efficient and accountable procurement system capable of preventing market shortages and operational bottlenecks. The meeting also reviewed several strategic files central to Libya’s oil and gas sector, including the sector’s budget constraints, revenue management, settlement of fuel payments, and progress in the new exploration licensing round launched earlier this year.
This licensing round represents a significant reopening of Libya’s upstream sector and is intended to attract global companies back into long-term investment and exploration opportunities.
The officials also examined plans to upgrade domestic refineries in order to reduce reliance on fuel imports and strengthen Libya’s energy security. Increasing local refining capacity, Suleiman noted, will support fuel-market stability and reduce financial pressures on the state.
