The Libya Energy & Economic Summit concluded with a strong and forward-looking platform for national recovery and sustainable economic growth, marked by the signing of major strategic agreements that reinforce Libya’s role in the global energy market. Libya signed a 25-year oil development agreement with TotalEnergies and ConocoPhillips, backed by more than US$ 20 billion in foreign-financed investment aimed at modernizing upstream operations and increasing production capacity to around 850,000 barrels per day, a significant vote of confidence in Libya’s hydrocarbons sector.  Alongside this landmark pact, Libya also signed a memorandum of understanding with Chevron to advance exploration and production development, and a cooperation agreement with Egypt’s Petrojet and the Egyptian Ministry of Petroleum to exchange technical expertise and support efficiency across oil, gas, refining, and related infrastructure.  Summit leaders affirmed that these deals lay the foundation for a transparent investment climate, deepened regional energy collaboration, and sustained private sector participation. Looking ahead, the agreements signal renewed investor confidence and a strategic push to unlock Libya’s vast oil and gas potential, driving economic diversification, revenue growth, and long-term prosperity for the Libyan people.