Tripoli, January 21, 2026 – The Ministry of Oil and Gas announced on Wednesday that the organizing committee for the Libya Energy and Economy Summit held a meeting chaired by the Minister to follow up on the latest updates regarding the summit’s organizational and technical aspects.
The summit will be held from January 24 to 26, 2026, with broad ministerial and international participation, hosted by the Council of the Presidency of the Government, and organized and endorsed by the Ministry of Oil and Gas, the National Oil Corporation, and the Renewable Energy Authority.
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Tripoli
Tripoli is the capital and largest city of Libya, located on the country’s Mediterranean coast. Historically, it was founded by the Phoenicians in the 7th century BC and has since been ruled by the Romans, Arabs, Ottomans, and Italians, serving as a major port and cultural crossroads. Its historic center, the medina, features well-preserved architecture from these various eras.
Ministry of Oil and Gas
The Ministry of Oil and Gas is a government institution responsible for overseeing and regulating a nation’s petroleum and natural gas resources. Its history is typically tied to the nationalization or major development of a country’s hydrocarbon industry, often established to assert state control over these vital economic assets. The specific founding date and historical details vary by country, such as in Algeria where it was formed after independence or in Oman as part of its modern state development.
Libya Energy and Economy Summit
The Libya Energy and Economy Summit is an annual conference focused on the nation’s key economic sectors, particularly its vital oil and gas industry. It was established to foster investment, discuss modernization, and shape policy following a period of instability after the 2011 revolution. The summit serves as a major platform for connecting Libyan officials with international energy companies and financial institutions.
Council of the Presidency of the Government
The Council of the Presidency of the Government is the highest administrative body of the Government of Spain, responsible for coordinating ministerial actions and preparing matters for cabinet meetings. It was formally established in its modern structure by the 1978 Spanish Constitution, which created the current framework for the country’s parliamentary monarchy and democratic government.
National Oil Corporation
The National Oil Corporation (NOC) is the state-owned oil company of Libya, established in 1970 to oversee the country’s petroleum resources and manage all phases of oil production. It was founded following the nationalization of the Libyan oil industry under Muammar Gaddafi’s government, consolidating control over a sector critical to the nation’s economy.
Renewable Energy Authority
The Renewable Energy Authority is a governmental or public body responsible for promoting and regulating the development of renewable energy sources, such as solar and wind power. These authorities were typically established in the late 20th or early 21st centuries as nations sought to transition from fossil fuels to sustainable energy in response to climate change and energy security concerns. Their core functions include policy implementation, project oversight, and research into new clean energy technologies.
