Outlook 2024: Libya ready for investment
New strategic plan includes significant investment in oil and gas
Libya’s oil and gas sector is open for business. With a clear and diverse plan in place to attract investment and boost output this decade, the OPEC member is hopeful of tapping dormant and unexplored resources in 2024 and beyond. The Libyan government, through the Ministry of Oil and Gas, considers energy to be crucial to the three interconnected and mutually reinforcing pillars of sustainable development: economic growth, social progress and environmental protection. Energy is crucial for driving progress across all sectors of society, from generating power for industry to supplying essential services such as healthcare, education and clean water. Reliable energy sources are of the utmost
Also in this section
23 January 2026
A strategic pivot away from Russian crude in recent weeks tees up the possibility of improved US-India trade relations
23 January 2026
The signing of a deal with a TotalEnergies-led consortium to explore for gas in a block adjoining Israel’s maritime area may breathe new life into the country’s gas ambitions
22 January 2026
As Saudi Arabia pushes mining as a new pillar of its economy, Saudi Aramco is positioning itself at the intersection of hydrocarbons, minerals and industrial policy
22 January 2026
New long-term deal is latest addition to country’s rapidly evolving supply portfolio as it eyes role as regional gas hub
