Sunday, April 12, 2026
LibyaReview
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
LibyaReview
No Result
View All Result
Home Libya

Libya Seeks Return of Turkish Firms to Rebuild Energy Sector

May 3, 2025
Libya Seeks Return of Turkish Firms to Rebuild Energy Sector

Libya Seeks Return of Turkish Firms to Rebuild Energy Sector

Share on FacebookShare on Twitter

Libya’s Acting Minister of Oil and Gas, Khalifa Abdel-Sadiq, has officially called on Turkish oil and energy companies to return to Libya and resume operations, emphasizing that the country’s investment climate has improved significantly. He welcomed serious partnerships in oil exploration, production, and energy innovation.

The minister’s remarks came during a high-level meeting with Turkish Minister of Energy and Natural Resources, Alparslan Bayraktar, on the sidelines of the Natural Resources Summit held in Istanbul. According to a statement from Libya’s Ministry of Oil, the discussion focused on expanding bilateral cooperation, particularly in oil exploration, technical support, and joint energy projects that would strengthen strategic ties between Libya and Turkey.

Abdel-Sadiq took part in a panel discussion hosted by Bayraktar and attended by several ministers of energy and natural resources. He used the platform to highlight Libya’s growing energy opportunities, stressing the ministry’s goals—alongside the National Oil Corporation (NOC)—to increase exploration efforts, enhance production capacity, and rebuild hydrocarbon reserves.

He invited major international energy companies, especially from Turkey, to invest in Libya’s oil and gas industry under secure and favorable conditions. The minister underlined the importance of modern technology and innovation in helping Libya meet its energy targets, including increasing crude oil output, improving refining capacity, and achieving self-sufficiency in fuel production.

In addition, Abdel-Sadiq emphasized Libya’s interest in renewable energy projects as part of a broader energy diversification strategy. He noted that strengthening the role of clean energy in Libya’s domestic power supply would help redirect more natural gas toward export markets, creating additional revenue streams and stabilizing supply to global partners.

Tags: EnergygasinvestmentlibyaoilTurkey
Next Post
Libya’s Defense Minister Joins Arab Parliamentary Summit in Algeria

Libya’s Defense Minister Joins Arab Parliamentary Summit in Algeria

POPULAR CATEGORIES

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

MUST READ

After Years of Division, Libya Agrees on Landmark Unified Budget

Libya Enters “New Phase” as Central Bank Pushes Major Economic Overhaul

US Report Flags Libya as Key Hub for Expanding Russian Influence in Africa

Libya’s Budget Breakthrough: A Step Toward Stability After Years of Division

No Sign of Sabotage in Deadly Crash of Libyan Military Chief, Turkey Says

Libya Welcomes Foreign Ministers for CEN-SAD Comeback

EDITOR PICKS

No Sign of Sabotage in Deadly Crash of Libyan Military Chief, Turkey Says

Libya’s Budget Breakthrough: A Step Toward Stability After Years of Division

Major Highway Project Signals Libya’s Push to Reconnect North and South

US Report Flags Libya as Key Hub for Expanding Russian Influence in Africa

Libya Welcomes Foreign Ministers for CEN-SAD Comeback

Hammad Government Welcomes Breakthrough in Unified State Spending

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR

No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR