Turkey

‎The General Manager of the state-owned Turkish Petroleum Corporation (TPAO), Ahmet Turkoglu, said that the company is ready to invest in the energy sector in Libya, taking advantage of the country’s vast untapped resources.

Speaking at the Libya Energy and Economy Summit 2025 in Tripoli, Turkoglu stressed the Turkish Petroleum Corporation’s renewed interest in Libya as part of its global expansion strategy. He pointed to Libya’s ambition to boost oil production to 2 million barrels per day, expecting that Libya will achieve more.

He stressed Ankara’s confidence in Libya’s energy prospects, saying that the Turkish Petroleum Corporation is ready for major investments, noting that they plan to rebuild relations and are ready to invest billions of dollars in this great potential.

Regarding Libya’s offshore energy sector as a promising area for exploration and development, Turkoglu described the existing fields and brownfields as holding huge opportunities, stressing that TPAO is ready to secure contracts for both new and existing exploration blocks to enhance their performance and efficiency.

Turkoglu also stressed the importance of competition and transparency in the Libyan energy market to attract foreign investment, noting that they need to create a win-win environment, stressing the need to improve sustainability, predictability and financial compliance. 

He pointed to the challenges facing foreign investors in Libya, calling for direct, competitive and transparent access to the market to allow for broader participation and contribute to Libya's economic growth.