on the sidelines of the Davos Forum 2025, Dabaiba welcomed Donald Trump’s win in the U.S. presidential election, emphasizing that Libya is counting on Trump’s support for the oil sector, which is a cornerstone of the country’s economy.
In an interview with CNBC Arabia, Dabaiba expressed optimism about the future of the Libyan economy, pointing to noticeable signs of recovery despite the challenges the country faces, such as the issues of currency printing and parallel spending.
In a move aimed at boosting investments in the oil sector, Dabaiba revealed that his government has allocated the largest budget in the history of the NOC, in addition to announcing the opening of new sites for exploration, inviting all countries to invest in Libya.
Dabaiba also addressed the issue of lifting the freeze on the Libyan Investment Authority, asserting that this step will contribute to revitalizing the national economy by facilitating the management of state investments that have been frozen for more than 13 years.
Dabaiba said that there is a state of optimism about the future of Libya’s oil sector, particularly in light of the drive to attract foreign investments and allocate substantial budgets to develop this vital sector.