Latest news with #KhalifaRajabAbdulsadiq
Libya Review
22-07-2025
- Business
- Libya Review
Solar & Wind Projects Planned Across Libya's Oil Facilities
Libya's Minister of Oil and Gas, Khalifa Rajab Abdulsadiq, signed a memorandum of understanding (MoU) with the Renewable Energy Authority in Tripoli aimed at promoting the adoption of clean energy technologies in the country's oil sector. The agreement, signed by Acting Chairman of the Renewable Energy Authority, Aseel Younes, focuses on expanding cooperation in renewable energy and energy efficiency, including joint solar and wind energy projects at oil production sites and technical knowledge sharing between the two sides. A National Push for Cleaner Energy Mix According to the ministry, the MoU includes coordinated efforts to align national energy policies, support a balanced energy mix, and develop training and awareness programs that contribute to reducing emissions and enhancing the environmental performance of the oil and gas industry. As part of the agreement, a joint technical committee will be formed to oversee project implementation and draft a detailed action plan, while also seeking international funding opportunities tied to renewable energy development. This step marks a notable shift in Libya's energy strategy, aligning with global trends toward sustainability and low-carbon development, while leveraging the country's vast solar and wind potential. Libya has been in chaos since a NATO-backed uprising toppled longtime leader Muammar Gaddafi in 2011. The county has for years been split between rival administrations. Libya's economy, heavily reliant on oil, has suffered due to the ongoing conflict. The instability has led to fluctuations in oil production and prices, impacting the global oil market and Libya's economy. The conflict has led to a significant humanitarian crisis in Libya, with thousands of people killed, and many more displaced. Migrants and refugees using Libya as a transit point to Europe have also faced dire conditions. The planned elections for December 2021 were delayed due to disagreements over election laws and the eligibility of certain candidates. This delay has raised concerns about the feasibility of a peaceful political transition. Despite the ceasefire, security remains a significant concern with sporadic fighting and the presence of mercenaries and foreign fighters. The unification of the military and the removal of foreign forces are crucial challenges. Tags: Clean EnergylibyaoilRenewable Energy
Libya Review
10-07-2025
- Business
- Libya Review
400 Firms Compete for Libya's Oil Contracts
Libya has launched its first oil field development tender in 17 years, attracting significant interest from international energy firms, according to Oil and Gas Minister Khalifa Rajab Abdulsadiq. Speaking on Wednesday, the minister confirmed that more than 400 requests had been submitted by foreign companies aiming to compete for 22 oil blocks across the country. 'This is the first time in 17 years that Libya has opened bidding for oil field development,' said Abdulsadiq. 'We have received an overwhelming response from major global companies, and active discussions are ongoing with most of them.' The minister added that Libya's National Oil Corporation (NOC) had recently signed a cooperation agreement with energy giants Shell and BP to operate in Libyan oil fields. 'We are also preparing to sign more agreements with international partners in the coming days,' he stated. Last year, several major oil companies resumed operations in Libya after years of inactivity due to political instability and conflict. These include Italy's Eni, Austria's OMV, Spain's Repsol, and Britain's BP, all of which restarted exploration and development activities following a near decade-long pause. The renewed interest underscores Libya's strategic importance as an oil-rich nation seeking to rebuild its energy sector. The 22 oil blocks currently open for bids are expected to play a crucial role in boosting production capacity and attracting foreign investment. Abdulsadiq stressed that the government is committed to creating a stable investment environment for energy companies. 'Our message to the world is clear: Libya is open for business in the energy sector,' he said. The tender marks a significant milestone for Libya as it works to revitalise its oil industry and stabilise its economy.
