Türkiye’ state-owned energy company, TPAO, is eager to invest in Libya’s energy sector, according to TPAO General Manager Ahmet Turkoglu.
Speaking at the Libya Energy and Economic Summit (LEES) 2025, Turkoglu highlighted Libya’s significant untapped energy potential and expressed TPAO’s readiness to contribute to the country’s ambition to boost oil production to 2 million barrels per day.
Turkoglu emphasized Libya’s offshore energy sector as a key area of interest for TPAO, emphasizing the potential for exploration and development in existing fields and brownfields.
He stated that TPAO is prepared to secure contracts for both new exploration blocks and existing ones, aiming to enhance production efficiency and performance.
However, Turkoglu stressed the importance of a transparent and competitive energy market in attracting foreign investment.
He emphasized the need for a balanced environment that benefits both Libya and its investors, calling for straightforward and transparent market access to encourage broader participation and contribute to the country’s economic growth.
This announcement underscores Türkiye’s interest in expanding its energy cooperation with Libya and contributing to the country’s economic recovery.