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
2 April 2026
Alongside a rapid continued build-out of renewables, China’s latest five-year plan stresses the value of domestic hydrocarbon production for energy security and calls for increased Russian gas imports
2 April 2026
The government is taking important steps to revive domestic production, lift investment and benefit from the geopolitical crisis even if more needs to be done in the longer term
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
