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The long road to African energy finance
The launch of the much-needed yet oft-delayed Africa Energy Bank remains shrouded in questions and funding constraints, but its potential is clear
Libya’s NOC sees E&P optimism through the anger
North African producer hopeful of bringing in IOCs despite the disagreements over terms as latest bidding round is launched
Africa’s new producers struggle for financing
IOCs and Western lenders are reluctant to commit to new oil and gas projects in African frontier countries
Energy transition needs reset and refocus
While advanced economies debate peak fossil fuel demand, billions of people still lack access to reliable and affordable energy, especially in the Global South
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The Middle East is focusing on modernisation and expansion projects, while Africa is seeking to reduce its imports of refined products
Libya’s armed oil industry takeover
Booming crude production has been met with international caution after the UN’s damning assessment
Five trends that will shape oil, gas and energy in 2025
A renewed push for oil and gas production in the US combined with a continued focus on decarbonisation are just two of the trends to look out for in the coming year
Outlook 2025: IOC investment myths need debunking
With a raft of scare stories around peak demand and climate change, 2025 should be the year smart investors leave the Big Oil bogeyman to the stuff of child’s play
Iran and Libya supply fortunes highlight market risks
The impact from Libya’s lost barrels versus the threats to Iranian supply highlight the type of buffer in the oil market and the demand implications
Chaos the new normal for Libya’s oil sector
Hopes for a recovery by the North African oil producer remain in tatters
Libya Finance
Mohamed Oun
10 January 2024
Follow @PetroleumEcon
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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

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