Tripoli based Libyan prime minister, Abd Alhamid Aldabaiba, will open the Libya Energy and Economic Summit 2023 to be held in Tripoli from 8 to 9 November.
Libya’s Minister of Oil and Gas, Mohamed Aoun, and the Minister of Economy and Trade, Mohamed Al-Hwej, will also be present as well as the Italian Prime Minister, Giorgia Meloni and Maltese Prime Minister, Robert Abella. Several heads and representatives of international oil companies, experts and specialists in the field of oil and gas, renewable energies and economics, will also participate in the event.
Libya can contribute to global energy security
Commenting on the forum, the head of the Libyan Council for Oil, Gas and Renewable Energy (LCOGRE), Khaled Ben Othman, said in an exclusive statement to Libya Herald that Libya is an important producer of oil and gas, and can contribute to global energy security and its continued supply to Europe. The LCOGRE represents the private oil and gas sector in Libya.
Continuing, Ben Othman said Libya has a major role in stabilising the global oil and gas market especially since Libya always welcomes international companies and is now pressing to increase investment through partnerships in various sectors of the economy.
Summit underscores Libya’s important role in sector
Ben Othman pointed out that this Libya Energy and Economy Summit is being organized in Tripoli for the second time, which confirms that Libya has an important role for international cooperation in energy and economic issues, as this summit brings together the entire energy sector with other areas of the economy with the aim of establishing and sustaining partnerships for energy and economic opportunities.
Libya needs investment
Libya has a pivotal role in the fields of energy and economics, Ben Othman added, due to the enormous potential that Libya enjoys in the fields of oil, gas, renewable energy, and large economic resources, making it the focus of many international companies, foreign capital, and local investors, as Libya is in need at the present time of investment in critical infrastructure.
Regional partners from the Middle East, Africa, and Europe, such as Turkey, Italy, France, the UK, Egypt, the UAE, Saudi Arabia, and others, along with official ministerial delegations, are expected to participate in the event.
The organisers also expect strong participation from the private sector from the US, Europe, the Middle East, and Africa.