Riyadh unveils plan to modernize energy sector
The Libyan National Unity Government focused its energy sector development plans on increasing oil and gas production, modernizing infrastructure, boosting investments, improving the efficiency of natural gas utilization, and harnessing renewable energy projects. This was highlighted during Minister of Oil and Gas Khalifa Abdassadik's participation in the 25th World Energy Conference in Riyadh, where the vision emphasized that sector development is a key driver of economic growth in Libya. The country possesses hydrocarbon resources, a strategic position connecting Africa with Europe, and significant potential in solar energy. The government aims to attract international partnerships and advanced technologies to modernize the sector and transform energy resources into sustainable economic and developmental value, thereby strengthening Libya’s regional energy security and attracting investments.
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