{"id":337592,"date":"2026-02-21T01:30:00","date_gmt":"2026-02-21T05:30:00","guid":{"rendered":"https:\/\/inspenet.com\/?p=337592"},"modified":"2026-02-19T15:57:26","modified_gmt":"2026-02-19T19:57:26","slug":"libya-awards-fuel-supply-contracts-to-western-firms","status":"publish","type":"noticias","link":"https:\/\/inspenet.com\/en\/news\/libya-awards-fuel-supply-contracts-to-western-firms\/","title":{"rendered":"Libya awards fuel supply contracts to Western firms"},"content":{"rendered":"\n<p>In a move that redefines the Mediterranean energy chessboard, Libya has awarded <strong>fuel supply<\/strong> tenders to Western giants such as <strong>Vitol, Trafigura and TotalEnergies<\/strong>. This decision represents not only a change in the model of its <strong><a href=\"https:\/\/inspenet.com\/en\/news\/new-ofac-licenses-enable-oil-investment-in-venezuela\/\" target=\"_blank\" rel=\"noreferrer noopener\">energy policy<\/a><\/strong>but a direct blow to Russian fuel exports to the North African country. <\/p>\n\n<h2 class=\"wp-block-heading\">A new energy supply model<\/h2>\n\n<p>For years, Libya relied on the exchange of crude oil for gasoline and diesel, however, the state-owned <strong>National Oil Corporation (NOC)<\/strong> has opted for international tenders to <strong>buy the necessary fuel directly<\/strong>, opening the market to large global traders and limiting the participation of upstream players.<\/p>\n\n<p>According to industry sources, <strong>Vitol<\/strong> has secured between 5 and 10 monthly shipments of gasoline and certain volumes of diesel. <strong>Trafigura and TotalEnergies<\/strong> are also joining this new supply strategy.<\/p>\n\n<h2 class=\"wp-block-heading\">Russian fuel reduction in Libya<\/h2>\n\n<p>Until 2025, Russia was Libya&#8217;s main fuel supplier, with volumes of up to <strong>56,000 bpd<\/strong>, but by 2026, that number has plummeted to around <strong>5,000 bpd<\/strong>, according to data from analysis firm Kpler. Instead, <strong>Italy has taken the lead as a supplier<\/strong>, with shipments of 59,000 bpd coming from the ISAB and Sarroch refineries, operated by Trafigura and Vitol. <\/p>\n\n<p>The shift reflects <strong>Libya seeking to align itself with Western actors<\/strong>, while Russia redirects its exports to China. <strong><a href=\"https:\/\/inspenet.com\/en\/news\/russia-pressures-crude-oil-prices-to-hold-china-in-check-in-the-face-of-indias-slowdown\/\" target=\"_blank\" rel=\"noreferrer noopener\">exports to China<\/a><\/strong> after losing ground in key markets such as India and Turkey.<\/p>\n\n<h2 class=\"wp-block-heading\">TotalEnergies and structural expansion<\/h2>\n\n<p>Beyond fuel, <strong><a href=\"https:\/\/inspenet.com\/en\/news\/libya-and-totalenergies-extend-concessions-until-2050\/\" target=\"_blank\" rel=\"noreferrer noopener\">TotalEnergies<\/a> and ConocoPhillips<\/strong> signed a 25-year oil deal with Libya in January, backed by more than $20 billion in foreign investment. The goal is to increase oil production to <strong>2 million barrels per day<\/strong>, from the current 1.4 million. <\/p>\n\n<p>Libya has issued upstream exploration licenses for the first time in 2 decades, seeking to attract investment that will modernize its energy infrastructure, devastated after years of conflict since the fall of Muammar al-Gaddafi in 2011.<\/p>\n\n<h2 class=\"wp-block-heading\">The domino effect on the global energy market<\/h2>\n\n<p>Libya&#8217;s new approach reshapes competition in the region, especially in the Mediterranean, where it seeks to establish itself as a major supplier to Europe. Access to crude and fuel through transparent tenders also reinforces its reputation with investors, in contrast to the previous model based on opaque deals and swaps. <\/p>\n\n<p><strong>Source and photo: <a href=\"https:\/\/www.reuters.com\/business\/energy\/libya-brings-western-traders-blow-russian-fuel-flows-2026-02-18\/\" target=\"_blank\" rel=\"noreferrer noopener\">Reuters<\/a><\/strong><\/p>\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The country replaces crude oil with direct tenders and displaces Russia from the Libyan energy market.<\/p>\n","protected":false},"author":10019,"featured_media":337540,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categoria_noticias":[13026,13036],"etiqueta_noticias":[],"class_list":["post-337592","noticias","type-noticias","status-publish","has-post-thumbnail","hentry","categoria_noticias-energy","categoria_noticias-oil-and-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias\/337592","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias"}],"about":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/types\/noticias"}],"author":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/users\/10019"}],"replies":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/comments?post=337592"}],"version-history":[{"count":0,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias\/337592\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/media\/337540"}],"wp:attachment":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/media?parent=337592"}],"wp:term":[{"taxonomy":"categoria_noticias","embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/categoria_noticias?post=337592"},{"taxonomy":"etiqueta_noticias","embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/etiqueta_noticias?post=337592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}