IMG.gif
Industry Trend

Euro Majors Still Drawn to Fragile Libya

Copyright © 2022 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
locations/ss262355807-locations-libya.jpg

Libya’s political stability remains precarious ahead of UN-backed presidential elections this month, with foreign powers still backing their proxies and foreign mercenaries strewn across the country. Remarkably, this has not prevented European major oil companies from doubling down on hydrocarbon investments in Libya and moving into supporting renewable energy developments there. This is because Libya is evolving into a new opportunity amid the energy transition — one that combines low-cost hydrocarbons with vast solar potential, allowing companies to reduce their Scope 1 and 2 (operational) emissions while ensuring revenues flow to their transitioning businesses.

Topics:
Conventional Oil and Gas, Upstream Licensing, Renewable Electricity , Low-Carbon Policy
Wanda Ad #2 (article footer)
#
Geopolitical risks are rising globally and spreading even to countries once thought to have rock-solid business environments, such as the UK.
Tue, Sep 27, 2022
Uganda's president dismissed European concerns about the environmental and social impact of the Lake Albert oil project.
Thu, Sep 29, 2022
US energy producers are still facing multiple headwinds from labor constraints, equipment shortages, and supply squeezes on goods and services.
Thu, Sep 29, 2022