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.
Libya recently elevated its diplomatic and economic ties with China to the level of a strategic partnership, during the 2024 China-Africa Cooperation Forum (FOCAC) in Beijing after both countries have been estranged for more than a decade.
