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.
In January 2024, the NOC announced its plan to launch a new EPSA bid round in the fourth quarter of this year after a hiatus of over 15 years in awarding new exploration licences.
Founding Partner, Tarek Eltumi, attended the Libya-Italy Roundtables Event this week in Rome, followed by a VIP Networking Evening, hosted by Energy Capital & Power and Camera di Commercio Italo-Libica.
