The Libyan Prime Minister Abdul Hamid Dbeibah has said that his government has developed plans to double oil production, develop the infrastructure of oil fields, and expand explorations in a way that supports the National Oil Corporation (NOC) and the national economy.
In his speech during the launching of the Libya Economy and Energy Summit in Tripoli on Saturday, Dbeibah stressed that they had been working on removing the obstacles facing the energy sector.
"Our government seeks stability, improving the investment environment, and encouraging capital to work in Libya,” he said, considering that his government's "Restoration of Life" projects enhanced stability in the country, and adding that the electrical energy issue was a major challenge, while the government had made efforts to stabilize the electricity network.
Dbeibah underscored the interest in searching for alternative and renewable energy sources, including the use of solar energy technology by exploiting Libya’s potential to establish the largest solar energy fields in the region, stressing that they are working on placing Libya at the forefront of "the superior countries in this field, while exporting its surplus to neighboring countries in Africa and the Mediterranean region.
Meanwhile, the Minister of Oil and Gas, Mohammed Oun, said that Libya possessed a very large reserve of oil and gas, and that what constituted 40% of Libya’s area had not yet been explored, indicating that Libya "is full of enormous wealth that has not yet been discovered."