Libya

Oil-rich Libya, which has long held the largest reserves in Africa, is ushering in a new era of growth, whereby the government is committed to implementing key measures necessary to boost oil production and associated state revenues.

Energy Capital & Power met with H.E. Mohamed Oun on Tuesday to unpack the agenda of the Libya Economic Summit.

The Libya Energy & Economic Summit on 22-23 November gathers regional ministers, Libyan dignitaries and the private sector.

The Libyan Government is currently spearheading several renewable power projects, aimed at reducing carbon emissions and augmenting rural electricity access rates.

TotalEnergies is one of the leading IOCs operating in Libya.

After a ten-year operation suspension, the Russian oil company has resumed drilling activities at its B-82 well in the Ghadames Basin.

H.E. Prime Minister Dabiba extolled Eni for its contributions to health and social welfare initiatives across the country through the company’s provision of medical supplies and equipment during the pandemic.

Libya-Analysis LLC produces analysis, forecasting and research on the North African oil producer, providing targeted advisory services and real-time insights into the complex dynamics shaping the market.

The North African nations signed 14 Memoranda of Understanding and six executive agreements during the 11th session of the Egyptian-Libyan Joint Higher Committee in Cairo.

The National Oil Corporation has promised to meet its debt obligations to Schlumberger after receiving an allocated budget.