Turkey Awards Petroleum Exploration Rights to Turkish Petroleum in Benghazi Basin

Turkey has announced that the Turkish Petroleum Corporation (TPAO) has been granted exploration rights for oil and gas in Libya’s Benghazi Basin, marking a new phase in energy cooperation between Ankara and eastern Libya.

The announcement comes amid growing economic and energy engagement between the two sides, with the Benghazi Basin considered one of Libya’s promising hydrocarbon regions. The move is expected to pave the way for seismic surveys and exploratory drilling activities in the designated offshore and/or onshore blocks.

Energy cooperation between Turkey and Libya has expanded in recent years, particularly following bilateral agreements covering maritime jurisdiction and hydrocarbons. The latest development signals Ankara’s continued interest in strengthening its role in Libya’s upstream energy sector.

Libya holds Africa’s largest proven oil reserves and significant untapped gas potential. Industry observers note that new exploration activity in the Benghazi Basin could contribute to boosting production capacity and attracting further foreign investment into the country’s energy sector.

For Turkey, the agreement aligns with its broader strategy to diversify energy resources and expand the international footprint of TPAO. For Libya, renewed exploration efforts represent a potential step toward increasing output, enhancing energy security, and supporting long-term economic recovery.

Further technical details regarding timelines, investment size, and specific blocks are expected to be announced in due course.