Libya is seeking to foster regional energy cooperation and investment in its oil and gas sector, with Abu Dhabi serving as the first stop on a four-day investment promotion tour of the Arab states by Libya’s Undersecretary of the Ministry of Oil and Gas for Production Affairs, H.E. Refaat Al-Abbar.
Home to the largest recoverable oil reserves in Africa, Libya features sizable investment opportunities across oil and gas, renewables, power generation, transmission and distribution, infrastructure and manufacturing industries.
The country is also seeking to rebuild all port infrastructure and storage facilities via injections of capital, technology and know-how from foreign partners with more advanced technical capabilities. In addition to advancing discussions with the Abu Dhabi National Oil Company and National Petroleum Construction Company in the Emirates, Libya held talks with Egypt in June regarding the formation of a joint natural gas company and with Turkey in April to drive bilateral oil and gas cooperation.
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