Libya’s Government of National Unity held a series of meetings with representatives of Türkiye, Germany, Pakistan, Tunisia and Nigeria in Riyadh, the capital of Saudi Arabia, as part of its goal of increasing investment in the energy sector. The delegation was headed by Libya’s Minister of Oil and Gas, Khalifa Abdul-Sadiq.
The bilateral meetings held on Monday took place as part of the 25th World Petroleum Congress, which began on Sunday and will last five days. The congress’s main theme was identified as pathways to an energy future for all.
Libya seeks to grow its energy sector through investment
Libya’s Government of National Unity said the meetings were held as part of Prime Minister Abdulhamid Dbeibeh’s efforts to expand economic and technical partnerships, attract international investment and expertise to the country, and support the development of the energy sector.
The talks addressed exploration projects, the development of fields and refineries, infrastructure, training and the exchange of expertise. The parties also emphasized the importance of maintaining communication between institutions to turn the areas of cooperation discussed at the meetings into concrete programs and projects that would support Libya’s plans to develop its energy sector and increase investment.
TPAO investments and exploration activities with Türkiye on the agenda
The meeting between the Libyan delegation and Türkiye’s Minister of Energy and Natural Resources Alparslan Bayraktar reviewed ongoing cooperation in the oil and gas sectors. The participants exchanged views on investments and exploration activities in Libya involving the Turkish Petroleum Corporation (TPAO), as well as ways to advance these activities.
The meeting also addressed opportunities to expand partnerships in gas, infrastructure and renewable energy.
Electricity interconnection and cooperation between oil institutions
The meeting with Tunisia focused on developing the electricity interconnection between the two countries, solar energy, technical cooperation and the exchange of expertise.
The meeting with Nigeria’s Minister of State for Petroleum Resources, Heineken Lokpobiri, addressed strengthening cooperation between Libya’s National Oil Corporation and the Nigerian National Petroleum Corporation.
At the meeting with German Minister for Economic Affairs and Energy Katherina Reiche, the parties assessed opportunities for cooperation in gas, electricity, renewable energy and technology. Encouraging German companies to participate in projects in Libya was also on the agenda.
Cooperation in exploration and production, refinery development, storage, technical services and training was discussed at the meeting with Pakistan’s Minister of Petroleum Ali Pervez Malik.
Energy agenda at the congress in Riyadh
Riyadh is hosting the World Petroleum Congress for the first time in its more than 90-year history. More than 70 ministers, 300 company chiefs and senior executives, and representatives of more than 25 international organizations and institutions are attending the congress.
The congress agenda includes energy security, markets, investment, technologies, innovation, sustainability and workforce development.
