With the participation of several subsidiaries of the National Oil Corporation and leading private sector companies from both countries, Italy will host on September 23 the second edition of the “Libya Energy and Economy Summit”.
The Italian Nova Agency reported that “the summit will discuss prospects for exploration and development, while defining Libya’s role in the global energy landscape and exploring the possibilities of partnership and investment in the energy generation, transmission and distribution sectors, with special attention paid to increasing energy production from renewable sources and cooperation with Europe.”
The agency added that “this summit will return to Tripoli in 2025 in its third edition, to bring together global investors, project developers and financiers with local stakeholders in key sectors of the Libyan economy.”
“The summit aims to attract international investments in the oil and gas sectors and renewable energy projects such as solar energy to serve as a platform to discuss ways to develop new partnerships and improve Libya’s energy infrastructure. Among the projects to be discussed is the southern refinery project in Fezzan, which seeks to address the local fuel crisis and stabilize oil production. The discussion also includes renewable energy projects such as the 500-megawatt solar energy project in cooperation with Malta to export clean energy to Europe,” according to the agency.
“Italy has been the largest importer of Libyan oil for years, as it imported about 14.5 million tons of Libyan oil in the first quarter of this year in 2024,” according to a report by the Italian Nova Agency.
It is noteworthy that the first edition of the “Libya Energy and Economy Summit” was held in the capital, Tripoli, in 2021.
Last updated: September 8, 2024 – 10:02
Suggest a correction
2024-09-09 07:39:37