INSUBCONTINENT EXCLUSIVE:
Libya is actively transforming its energy sector, tapping into its vast natural gas reserves
locally and in Europe by 2026.Moreover, NOC rolled out an expansion plan with U.S.-based KBR
untapped reserves.In another move, Zallaf for Oil and Gas awarded Honeywell a refinery contract
This $600 million project promises diversified petroleum products.Shortly after, Prime Minister Abulhamid Dabaiba signed a decarbonization
Minister Mohamed Aoun also revealed that some parts of the country remain unmapped, indicating untapped potential.Eni lifted the force
majeure in August on three exploration areas near Wafa gas facilities
A new contract worth $1 billion was also given to Saipem by Mellitah Oil - Gas.This deal centers on constructing a gas recovery
landmarks include the 2024 licensing round and a potential gas pipeline to Egypt
Further, an office to streamline the sector was established in collaboration with KBR.Besides, Honeywell secured another key refinery
easing global market tensions.Notably, Libya invited Turkish companies for offshore exploration.Finally, the Libya Energy - Economic Summit
