The Libya Energy&Economic Summit 2021 provided regional and international participants with an inside view of the country’s formidable energy sector. Two days of networking, dialogue, and engagement have led to several high-level deals being signed, partnerships formed, and challenges addressed that will lead the country into a new era of sustained energy and economic growth. Issuing the closing remarks for the esteemed conference, H.E. Mohamed Oun, Minister of Oil and Gas for the State of Libya, made a strong case for investment, development, and participation across Libya’s diverse energy sector.
Throughout the Summit, participants emphasized that as the country emerges into a new era of political stabilization and peace, energy sector stakeholders are eager to accelerate development and the resumption of key projects. Across the oil and gas sphere, Libya is committed to seeing the revitalization of existing oilfields, the increase in new exploration campaigns, and the scaling up of production.
Meanwhile, on the renewables front – which comprised a key area of focus at the Summit – Libya is committed to seeing the uptake of new projects, particularly across the solar industry, the facilitation of new power generation solutions, and the expansion of the national grid to remote areas. Accordingly, deals signed such as those between TotalEnergies and the Office of the Prime Minister and GECOL, will be critical in the country’s journey to establish its as a green economy.
With discussions covering a number of topics and presentations offering valuable insight into the Libyan market, the Summit served as a critical platform for securing investment and driving development in Libya.
“We hope Libya would be able to hold many other summits like this one, and we surely hope to see you all again,” stated H.E. Mohamed Oun.
Distributed by APO Group on behalf of Energy Capital&Power.
© Press Release 2021
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
