The acting Minister of Oil and Gas from the Government of National Unity, Khalifa Rajab Abdulsadaq, met with the French Ambassador to Libya, Mostafa Mihraje, on Monday to discuss French investment opportunities in the Libyan energy sector.
According to a statement from the Ministry of Oil, the meeting focused on the importance of partnership in achieving sustainability and developing renewable energy resources.
The ministry reaffirmed its commitment to enhancing cooperation with all international partners to achieve sustainable development and support the national economy.
The meeting between Abdulsadaq and Mihraje occurred just a day after the ambassador met with Farhat Bengdara, the Chairman of the National Oil Corporation, where they discussed various strategies aimed at improving the performance of the corporation’s oil facilities and achieving its ambitious goals.
Libya has been in chaos since a NATO-backed uprising toppled longtime leader Muammar Gaddafi in 2011. The county has for years been split between rival administrations.
Libya’s economy, heavily reliant on oil, has suffered due to the ongoing conflict. The instability has led to fluctuations in oil production and prices, impacting the global oil market and Libya’s economy.
The conflict has led to a significant humanitarian crisis in Libya, with thousands of people killed, and many more displaced. Migrants and refugees using Libya as a transit point to Europe have also faced dire conditions.
The planned elections for December 2021 were delayed due to disagreements over election laws and the eligibility of certain candidates. This delay has raised concerns about the feasibility of a peaceful political transition.
Despite the ceasefire, security remains a significant concern with sporadic fighting and the presence of mercenaries and foreign fighters. The unification of the military and the removal of foreign forces are crucial challenges.
