The Libya Energy and Economy Summit 2024 being held at the Rixos Hotel in the capital Tripoli concluded this week. However, Prime Minister Abdul Hamid Al-Dabaiba’s government had to halt this due to objections from legislative and oversight bodies in Libya as well as the Ministry of Oil and Gas. Absence of Senior FiguresIn addition to the absence of key energy summit partners – Italian Prime Minister Giorgia Meloni, TotalEnergies CEO Patrick Pouyanné, and Eni CEO Claudio Descalzi – Central Bank Governor Sadiq Al-Kabir and Audit Bureau President Khaled Shakshak were also not present at the summit. The National Oil Corporation appeared to be in the position of spectator regarding this division. Stopping the Sharara field has led to Libya losing a quarter of its revenue from oil exports and could damage equipment and stations at the field.
