Turkey’s Minister of Energy and Natural Resources, Alparslan Bayraktar, has announced that 2026 will be a transformative “Year of Energy” for the strategic partnership between Ankara and Tripoli. He projected that this intensified cooperation would elevate the bilateral trade volume to exceed $5 billion, a significant increase from the $4.4 billion recorded in 2025. Speaking to Anadolu Agency in Tripoli during the “Libya Energy & Economic Summit,” Bayraktar emphasized that the energy sector—through large-scale investments and long-term joint ventures—will serve as the fundamental pillar for this economic surge, providing a robust platform for broader industrial and commercial growth.
Turkish TPAO Expresses Interest in Investing in Libya’s Energy Sector
The Minister underscored the historic importance of reconvening the 22nd session of the Turkish-Libyan Joint Economic Commission, which had been suspended for 17 years. He described the resumption as a “pivotal day” that marks a qualitative shift in diplomatic and economic ties. Bayraktar clarified that the commission’s scope is comprehensive, extending beyond energy to encompass vital sectors such as health, education, transport, and general services. According to the Minister, reactivating this body after nearly two decades creates an integrated framework for bilateral cooperation, opening new doors for extensive partnerships across the entire economic landscape.
Oil and gas minister discusses boosting energy cooperation with Turkish ambassador
Regarding technical operations in the oil and gas sectors, Bayraktar revealed that Turkey is currently pursuing multiple operational tracks. This includes technical assessments of oil fields previously managed by the Turkish Petroleum Corporation (TPAO), alongside ongoing negotiations for new exploration and production agreements in other onshore and offshore blocks. He affirmed Turkey’s strategy to expand its footprint through collaboration with international energy firms operating in Libya, aiming to exchange expertise and maximize resource potential. Bayraktar reiterated that energy remains the primary engine driving other economic sectors toward greater regional competitiveness.
He noted that the tangible results of these strategic efforts—manifesting in increased production, higher investment flows, and expanded trade—will become evident starting in 2026. During his visit, the Minister co-chaired the Joint Economic Commission meetings, which concluded with the signing of a memorandum of understanding with Libyan Transport Minister Mohamed al-Shahubi. This document outlines shared operational mechanisms and cooperation plans for the foreseeable future. These developments highlight a shared commitment to utilizing available resources to achieve sustainable development goals that serve the long-term interests of both the Turkish and Libyan people within a stable and productive economic environment.