Libya's National Oil Corporation is urging increased investment and the use of advanced technology to unlock the country's vast untapped oil and gas reserves.

Speaking at the Libya Energy and Economic Summit 2025 during a session titled 'Unlocking Libya - The Next Frontier for Exploration and Investment,' Bashir Carea, senior advisor to the NOC chairman, emphasized the enormous potential of the North African nation. Carea revealed that Libya holds 48 billion barrels of discovered but unexploited oil, with a total potential estimated at 90 billion barrels, particularly offshore, he added that Libya has 122 trillion cubic feet of gas that has yet to be developed.

Channel Africa business reporter Innocent Semosa filed this report.

Libya's National Oil Corporation is urging increased investment and the use of advanced technology to unlock the country's vast untapped oil and gas reserves.
Speaking at the Libya Energy and Economic Summit 2025 during a session titled 'Unlocking Libya - The Next Frontier for Exploration and Investment,' Bashir Carea, senior advisor to the NOC chairman, emphasized the enormous potential of the North African nation. Carea revealed that Libya holds 48 billion barrels of discovered but unexploited oil, with a total potential estimated at 90 billion barrels, particularly offshore, he added that Libya has 122 trillion cubic feet of gas that has yet to be developed.
Channel Africa business reporter Innocent Semosa filed this report.

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