Italian energy company Eni and British oil giant BP have officially resumed exploration activities in Libya, a significant development following the halt of onshore drilling in 2014.
Tarek Eltumi, Founding Partner of Eltumi Partners, spoke to the Middle East Economoic Digest (MEED) about the high levels of interest shown by international companies in Libya’s upcoming oil licensing round.
Libya's vast untapped renewable energy resources has been lucrative to many governments including the Libyan government which is targeting a 22% share of renewables in its energy mix by 2030, aiming for 2250 MW of installed capacity by 2024.
