The Libya Energy and Economic Summit opened in Tripoli yesterday with the participation of several international trade and energy stakeholders, but with the absence of high profile guests that were initially set to be there, namely the top leaders of Italy and Malta. They were scheduled to participate in the launch ceremony of the summit yesterday, and both were set to deliver opening speeches alongside Libyan Prime Minister Abdul Hamid Dbeibeh, as shown by the summit’s program agenda. However, neither of the European leaders attended or even delivered speeches online. No statement from the governments of Libya, Italy and Malta was issued to explain the reasons. While the absence of top European leaders was a snub to the Libyan government-sponsored event, Dbeibeh, nevertheless, managed to secure the participation of representatives of key European energy stakeholders including Eni, TotalEneregies, Repsol as well as Malta’s Energy Minister Miriam Dalli.

(MENAFN) On Saturday, Turkey's energy minister emphasized the significant potential of Libya in the fields of oil and gas, reiterating Ankara's willingness to cooperate with both countries and companies to assist Libya in harnessing this potential. Alparslan Bayraktar made these statements during the Libya Energy & Economic Summit 2024, an event organized by Energy Capital & Power (ECP) under the theme "A New Libya: Built on Energy." The summit was held in collaboration with key entities, including the Libyan Prime Ministry, the Ministry of Oil and Gas, the National Oil Corporation (NOC), and the Renewable Energy Authority of Libya. “To address all these challenges and to secure energy supply, reliable and affordable energy supply is becoming increasingly difficult each and every day,” Bayraktar declared, emphasizing the critical need for international collaboration, Bayraktar underscored the urgency to address these challenges directly. The minister underscored Libya's substantial potential in areas extending beyond oil and gas, placing particular emphasis on the country's capability for the development of renewable energy.

(MENAFN- Kuwait News Agency (KUNA)) Report by Khaled JabbarTUNIS, Jan 14 (KUNA) -- Libya's political spectrum has remained stagnant amid the nation's splinter into warring entities embroiled in very complex political disputes. Mustafa Abdulkabir, an expert in Libyan affairs, has ruled out in an interview KUNA prospects of national conciliation in 2024, as "all the indications are negative with respect to holding comprehensive elections." Members and blocs of Aguila Saleh's parliament are at odds over the vision for establishing a unified authority. Moreover, the squabbles often shift to the streets with recurring gunfights among the divergent groups, aggravating the jitters and maintaining economic paralysis in the oil-rich nation. He added that 2024 would be a hard year for the Libyans with no glimmers of hope to resolve the mounting political, economic, and social problems, afflicting the nation since the ouster of Colonel Moammar Al-Gdahafi's regime in 2011.

Türkiye's energy minister on Saturday highlighted Libya's potential in oil and gas, reaffirming Ankara's readiness to collaborate with countries and firms to help Libya use this potential. “To address all these challenges and to secure energy supply, reliable and affordable energy supply is becoming increasingly difficult each and every day,” Bayraktar stated, stressing the urgency for international cooperation to tackle these issues head-on. The minister highlighted Libya's significant potential in fields beyond oil and gas, emphasizing the nation's capacity for renewable energy development. - Minister highlights smart energy transitionBayraktar's speech also focused on the nature of energy transition, advocating for a "smart energy transition" characterized by responsiveness, rational decision-making, flexibility, justice, and digitization. He called for the development of policies and regulations that would foster a sustainable shift in energy production and consumption.

Alparslan Bayraktar's remarks came on Saturday at the Libya Energy and Economic Summit 2024, organised by Energy Capital and Power (ECP) under the theme, "A New Libya: Built on Energy" in collaboration with prominent entities, including the Libyan Prime Ministry, the Ministry of Oil and Gas, the National Oil Corporation (NOC), and the Renewable Energy Authority of Libya.

Speaking on the opening day of the Libya Energy and Economic Summit 2024 (Tripoli, 13 to 14 January) Libya’s Minister of Oil and Gas, Mohamed Aoun, said the importance of the summit is to embody the Libyan state’s orientation towards production, stability, and development. He said Libya has riches on the African continent that have not yet been explored, and leaving these riches behind is difficult and expensive, and Libya must benefit from them. He said Libya’s future is very big in the field of oil and gas with large reserves, and 30 to 40 percent of Libya’s area is still unexplored for hydrocarbons.

TRIPOLI, Jan 13 (Reuters) - Libya's oil output has dropped to just under one million barrels per day (bpd) following the closure of the 300,000 bpd Sharara field by protesters last week, oil minister Mohamed Oun told Reuters on Saturday. (Reporting by Ahmed Elumami Editing by Mark Potter)

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LIBYA’S NATIONAL OIL OUTPUT DROPPED BY JUST UNDER ONE MILLION BPD FOLLOWING THE CLOSURE OF SHARAR FIELD - OIL MINISTER SAYS

President of the Presidential Council of Libya H E Dr. Mohamed Al Manfi with meeting Ambassador of Qatar to Libya H E Khalid Mohammed Al Dosari. During the meeting, the two sides discussed cooperation and ties between the two countries. Legal Disclaimer:MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

It has developed ambitious plans and strategies through which it aims to return Libya to the forefront of the energy sector by increasing production. The oil and gas industry faces many difficulties that require cooperation between state institutions and the national and foreign private sector. The NOC’s goal is to raise production to 2 million barrels per day, which is linked to developing our partnerships with foreign companies. The NOC chairman did not mention the local demonstrators forcing the Sharara field to stop production and the NOC being forced to declare a force majeure at the field. Finally, on a personal basis, there is a court case against the NOC chairman challenging his legitimacy as chairman for allegedly holding an Emirati passport.

The Public Prosecutor, in the Attorney General’s Office ordered the detention, pending trial, of the Assistant of the General Department of Settlements and Deputy Manager of the Jumhuria bank, Surman branch for a LD 10 million fraud. They are accused of collecting illegal material benefits within the bank branch by designing a plan to deduct the amount from the bank’s account by making successive bank transfers to the accounts of relatives. This would camouflage the origin of the proceeds and make it difficult to track them and make the act of seizing the amount easier.

In the context of searching for alternative sources for generating clean energy, he said attention must be given to renewable energies that allow the use of solar energy technologies. He referred to the launch of the National Strategy for Renewable Energies last December by his government. The SummitOn the summit, he told the gathered ‘‘Your presence today is a great support for the government’s efforts to enhance stability and enhance the investment environment. This event encourages capital to invest in Libya, which is what we are working on through the ‘‘Return to Life’’ projects. Libya launches National Strategy for Renewable Energies and Energy Efficiency 2023-2035 (libyaherald.com)Workshop on PPP in Early Production Facilities in oil and gas – Energy sector needs better governance and a national strategy (libyaherald.com)Tripoli Libyan government evaluates its renewable energy strategy (libyaherald.com)REAoL and Ministry of Industry activate Go Green Initiative’s mosques solar electrification project (libyaherald.com)

Libya and Saudi Arabia have signed the Hajj Agreement Protocol for the year 2024, as part of the current arrangement for operating Libyan flights. This came during the Deputy Minister of Hajj in Saudi Arabia, Abdel Fattah Mashat, received the Chairman of the General Authority for Hajj Affairs, Ali Al-Bashir, and a number of officials of the Authority to discuss important issues related to Hajj affairs.

IoT solutions provider Quectel Wireless Solutions has certified its satellite-compatible module, the CC660D-LS, for use on Skylo’s network. This certification enables IoT and satellite connectivity for any standard device that incorporates the module. It is equipped to support 3GPP Release 17 IoT non-terrestrial network (IoT-NTN) connections, reflecting its advanced capabilities. Quectel said that working with Skylo will help their customers achieve their goals in IoT and stay connected wherever they are. “This certification is a testament to our commitment to providing the most reliable and expansive satellite based IoT connectivity.