EID MUBARAK

Having just returned to Libya, it didn’t take long for the familiar rhythm of the country to remind us why timing, local understanding, and strong relationships are everything here. With Eid just around the corner, we've been reflecting—not just on our own next steps, but also on how we and our international partners can make the most of this important moment. And since we’ve gathered our thoughts (finally!), we thought: why not share them? As everyone working in or around Libya knows, things tend to slow down during Ramadan, then shift gears rapidly after Eid. It’s a [...]

Step 1: Draft the Letter of Authority (LOA) Ensure that the LOA is properly drafted, clearly stating the authority being granted, the parties involved, and any relevant terms. The document should be signed by an authorized representative of the company. If required, the LOA should be translated into Arabic by a certified translator before proceeding to the next steps.   Step 2: Notarisation by a Notary Public  Take the LOA to a Notary Public in your country. The notary will verify the authenticity of signatures and the content of the document. The notarisation process may include: Verifying identities (passport, national ID, proof of address). Confirming the document's legitimacy. Issuing [...]

Note this document should not be considered as expert advice  - where applicable legal opinion should be sought Overview In early 2025, Libya’s state-run National Oil Corporation (NOC) launched a new international licensing round for oil and gas exploration—the country’s first such bid round since 2008. The move aims to attract major foreign energy firms and revive exploration across Libya’s vast underexplored basins. Below is a detailed breakdown of key aspects of this bidding round, covering eligibility requirements, the bidding process, the legal framework, financial terms, and the broader strategic implications for Libya’s oil sector and economy. [...]

INTRODUCTION Engaging with Libya during the month of Ramadan definitely comes with challenges but also unique opportunities. As the holy month significantly impacts daily life, understanding the cultural and operational shifts is essential to navigate this period successfully. With careful planning and cultural sensitivity, Ramadan can become an ideal time to strengthen relationships and capitalise on opportunities. “However, let’s not delude ourselves—things definitely change!”   CHALLENGES OF ENGAGING DURING RAMADAN IN LIBYA During Ramadan in Libya, it is [supposedly] business as usual for government offices but the reality is that businesses operate on reduced hours, often closing [...]

Libya’s Oil Sector: Recent Changes, Political Dynamics, and Investment Opportunities Over the past eight weeks, Libya's National Oil Corporation (NOC) has undergone significant leadership and structural changes amid the nation’s complex political landscape. These shifts have major implications for international businesses and investors assessing opportunities in Libya’s oil sector.   Political Dynamics and Leadership Changes  In January 2025, NOC Chairman Farhat Bengdara resigned, officially citing health issues. However, political analysts suggest deeper power struggles influenced his departure. Bengdara, appointed in 2022, was seen as a technocrat with international backing, particularly from the UAE. His leadership faced increasing [...]

Oil’s Role in Libya’s History: From the Arab Spring to Today Since the Arab Spring erupted in 2011, oil has remained central to Libya’s economic, political, and social dynamics. With Africa’s largest proven oil reserves, estimated at 48.4 billion barrels, Libya has a history deeply intertwined with its resource wealth. This wealth offers the potential for prosperity but has also driven conflict and instability. From the fall of Muammar Gaddafi to today, oil has played a pivotal role in shaping competing visions for Libya’s future.   Libya’s Oil Legacy and the Arab Spring The Arab Spring ushered [...]

Libya Food Expo Date: January 26–29, 2025 Location: Tripoli International Fair Description: An international exhibition focusing on food, packaging, and technologies, serving as a platform for national and international food exhibitors. Libya Industries Fair 2025 Date: February 8–10, 2025 Location: Misurata International Exhibition Grounds  Description: A fair showcasing various Libyan industries, aiming to promote local products and facilitate access to African markets.         The Urban Expo & Forum – Tripoli Date: March 2025 (exact dates to be confirmed) Location: Corinthia Hotel, Tripoli Description: Specialized in urban and real estate investment and development, hosting top experts in engineering, architectural consultancy, and urban planning.         Libya Build 2025 Date: May 12–15, [...]

There is no denying that recent and continuing events in Libya’s NOC and oil ministries cause confusion and anxiety and, whilst the big players have already fundamentally road mapped their route to market and their engagement and development strategies it is also important to note the opportunities that could be presented to local and international smaller players and SME’s engaged in this space.   The facts: Libya, located in North Africa, is a country rich in oil reserves, ranking among the top in Africa and globally. With its strategic position in the Mediterranean, Libya holds the largest [...]