# Libya National Oil Corporation energy development

> Live situation record from CLSTR: https://clstr.news/situations/libya-national-oil-corporation-energy-development
> Updated: 2026-09-14T08:28:05.000Z. Sources: 13. Developments: 2.

Libya’s National Oil Corporation (NOC) has entered into a production-sharing agreement with the US energy firm Chevron to explore and develop resources within the Sirte Basin. This agreement follows an international tender launched in 2025.

Alongside this partnership, NOC Chairman Masoud Suleiman has advocated for the expansion of gas transmission and distribution infrastructure. Proposed projects aim to supply gas to various regions, including Tripoli and Benghazi, to support national development. The NOC is currently working to increase Libya’s oil production from 1.5 million barrels per day to a target of two million barrels per day.

## Timeline

### 2026-09-14: Chevron expands global LNG footprint to enhance energy security

Chevron aims to expand its global LNG portfolio, targeting Argentina and the Eastern Mediterranean to enhance energy security and diversify supply sources following recent global market disruptions.

7 sources. https://clstr.news/cluster/chevron-expands-global-lng-footprint-to-enhance-energy-security

### 2026-08-24: Libya's National Oil Corporation signs energy pact with Chevron

Libya’s National Oil Corporation has signed an energy pact with Chevron for the Sirte Basin and is prioritizing the expansion of national gas transmission and distribution infrastructure.

6 sources. https://clstr.news/cluster/libyas-national-oil-corporation-signs-energy-pact-with-chevron

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Cite as: Libya National Oil Corporation energy development. CLSTR, https://clstr.news/situations/libya-national-oil-corporation-energy-development