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