![Libya’s Oil and Gas Outlook Continues to Look Stronger The 2023 edition of the African Energy Week (AEW) conference and exhibition has been concluded in Cape Town, South Africa, with forward-looking remarks delivered by African Energy Chamber (AEC) (www.EnergyChamber.org) Executive Chairman NJ Ayuk. Highlighting the week’s dialogue and deals, Ayuk committed to AEW returning bigger and better in 2024.](https://enterpriseafrica.ng/wp-content/uploads/2022/09/Namibia.png)
Libya’s Oil and Gas Outlook Continues to Look Stronger
When global oil prices reached a 15-year high in 2022, Libya, which holds 3% of the world’s hydrocarbon reserves and 39% of Africa’s, was unable to take advantage of the windfall. The reasons were purely political. Production was shut down for months beginning in April as oil became a pawn in the stalemate between…