Sulphur — primarily extracted as a by-product of oil refining in the Sirte Basin — further diversifies Libya's mineral portfolio. The oil sector is central to the economy, contributing around 40% of GDP and 95% of export revenues. Major international companies investing in Libya's oil and gas industry include Eni (Italy), TotalEnergies (France), BP (UK), and Chevron (US). Moreover, Libya's mining sector is primarily governed by Law No. Wave of multinational investmentFurthermore, Libya's mining sector is attracting international investors seeking new economic growth opportunities beyond oil.

Source: Libya Today November 19, 2024 11:25 UTC