JOHANNESBURG, South Africa, October 28, 2021 / APO Group / –
The African Energy Chamber (AEC) (EnergyChamber.org) has the honor to announce the confirmation of HE Mohamed Aoun, Libyan Minister of Oil and Gas, during the continent’s premier energy event, the African Week of the energy (AEW) 2021. gas producers, financiers, service companies, policymakers and traders as part of a comprehensive and market-driven program agenda, AEW 2021 represents the ideal platform for the discussion to take place. on the future of hydrocarbons in Africa. In line with the event’s goal of ensuring that Africa’s hydrocarbon resources are fully utilized to eradicate energy poverty by 2030, HE Mohamed Aoun will lead an in-depth discussion on Libya’s energy potential, ongoing regulatory reforms and its strategic value in global energy markets.
Representing one of Africa’s major oil-producing countries and a sector that has undergone significant reforms in 2021, Libya has attracted the interest of global players due to the recent return to stability under the unity government. national. With the ministry restored this year, Libya is poised to experience an acceleration in investment and development of the energy sector, thanks to the alignment and integration of the sector.
Libya’s oil reserves are estimated at over 43 billion barrels, making the country the ninth largest reserve holder in the world. In addition, the country has over 1,000 billion cubic meters of natural gas reserves, positioning Libya as a hydrocarbon hotspot. Despite ongoing struggles to revive the sector, the country has managed to maintain production levels above 1 million barrels per day. With ambitious plans to dramatically increase production and refining capacity, the ministry is striving to attract significant levels of investment to the sector. As a result, led by HE Aoun, Libya will travel to AEW 2021 to promote the potential of Libya’s energy resources, playing an important role for investment and regional collaboration.
The revival of the Libyan energy sector will not only bring significant benefits to the people, but will open new and improved export opportunities to global markets. Attributed to the country’s strategic position and its direct network chain to European markets, the country is well placed to enhance Africa’s export potential and boost global supply.
“Libya’s coming to Cape Town is huge, not just for the event itself, but for African and global stakeholders. The country represents both an impressive energy sector, with some of the best reserves in the world, as well as the most strategically important markets for Africa. By coming to African Energy Week, Minister Aoun will be able to take advantage of important networking opportunities, engage with global players and further promote Libyan oil and gas as a driving force for the energy future of the country. ‘Africa,’ said NJ Ayuk, Executive Chairman. of the AEC.
Led by HE Aoun, the ministry shifted its focus to restoring the Libyan oil and gas sector to pre-war progress, with recent regulatory reforms seen as the driving force for increased investment and involvement of oil companies. international. With extensive experience at multiple levels of the energy sector, as well as within the National Oil Corporation and the global oil company Eni, HE Aoun will be a key leader and a defining figure in the Libyan oil and gas sector for Libyan people. years to come. With a focus on holding bilateral meetings, engaging with international energy players and signing agreements that will accelerate Libya’s energy transformation, HE Aoun will not only be a valuable participant in Cape Town, but will play a leading role in the continent’s energy growth. .
AEW 2021, in partnership with the South African Department of Mineral Resources and Energy DMRE, is the AEC’s annual conference, exhibition and networking event. AEW 2021 brings together African energy players with international investors and partners to drive industry growth and development and promote Africa as a destination for energy investments.
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