The Italian capital, Rome, will host a Libyan-Italian roundtable session and a VIP networking evening to build relations and invite Italian companies to the Libya Energy and Economy Summit, which will be held in Tripoli, Libya in January 2025.
Rome event will be held on September 23, with the participation of several subsidiaries of the National Oil Corporation and leading private sector companies from both countries.
The Libya Energy and Economy Summit, in its third edition, will bring together global investors, project developers and financiers with local stakeholders in key sectors of the Libyan economy.
The summit aims to attract international investments in the oil and gas sectors, and renewable energy projects, such as solar energy, and to serve as a platform to discuss ways to develop new partnerships and improve Libya's energy infrastructure.
It comes amid the challenges that Libya still faces despite its enormous potential in the fields of oil, gas and renewable energy, and amid hopes that this summit will be an exceptional opportunity to drive economic growth, according to the Libyan News Agency.
Italy has been the largest importer of Libyan oil for years, as it imported about 14.5 million tons of Libyan oil in the first quarter of 2024, according to the Italian news outlet Nova.
Among the projects to be discussed is the southern refinery project in Fezzan, which seeks to address the local fuel crisis and achieve stability in oil production. The discussion also includes renewable energy projects, such as the 500-megawatt solar energy project in cooperation with Malta, to export clean energy to Europe.
These projects come within an ambitious plan to reduce dependence on fossil fuels and achieve a sustainable energy transformation.
The organizers of the summit believe that it will focus on exploring practical solutions to overcome these obstacles, with the aim of increasing private investments and developing partnerships between Libyan and international companies, as it represents an opportunity to enhance Libya's regional and international role in the field of energy by exploiting its natural resources and developing renewable energies, so that Libya becomes a major energy center in the region if it is able to overcome the political and economic challenges.
