Sign In
  • Africa
  • Trump
  • African
  • Guardian
  • Mail
  • South
logo
  • Home
  • Ghana
  • Africa
  • World
  • Politics
  • Business
  • Technology
  • Sports
  • Entertainment
  • Health
  • Crime
  • Lifestyle
Reading: Libya Aims to Boost Refining Capacity to 400,000 Barrels Per Day (BPD) – Africa.com
Share
African News HeraldAfrican News Herald
Font ResizerAa
Search
  • Home
  • Ghana
  • Africa
  • World
  • Politics
  • Business
  • Technology
  • Sports
  • Entertainment
  • Health
  • Crime
  • Lifestyle
Follow US
© 2024 africanewsherald.com – All Rights Reserved.
African News Herald > Blog > Africa > Libya Aims to Boost Refining Capacity to 400,000 Barrels Per Day (BPD) – Africa.com
Africa

Libya Aims to Boost Refining Capacity to 400,000 Barrels Per Day (BPD) – Africa.com

ANH Team
Last updated: January 21, 2025 7:26 pm
ANH Team
Share
SHARE

Libya Plans to Increase Refining Capacity to Enhance Energy Security

Libya’s Minister of Oil and Gas, Dr. Khalifa Abdulsadek, recently revealed the country’s ambitious plans to boost its refining capacity from 300,000 to 400,000 barrels per day (bpd). This strategic move is part of Libya’s long-term vision to strengthen energy security and sustainability in the region.

During the Libya Energy & Economic Summit (LEES) 2025, Minister Abdulsadek discussed the nation’s energy strategy and priorities in a session titled “Libya’s Path to Energy Resilience – Strategic Priorities for a Sustainable Oil & Gas Future.” The session, moderated by Aydin Calik from Argus Media, shed light on Libya’s efforts to ensure a stable and self-sufficient oil and gas industry.

Minister Abdulsadek highlighted the importance of producing petroleum products to meet the country’s growing energy demands as it aims to reach a production level of two million barrels per day. He emphasized the role of local refineries like Marsa al Brega and Ras Lanuf in achieving complete self-sufficiency in refined products.

Aside from refining, the Minister outlined Libya’s strategy for natural gas production and exports, emphasizing the need to balance domestic consumption with export opportunities. He noted the significance of the Greenstream pipeline to Italy and the country’s gas export strategy to cater to the increasing demand for power generation in Europe.

With abundant untapped gas resources, Libya is committed to reducing flaring and implementing a gas utilization project that could utilize 120 million cubic feet of gas per day. The Minister emphasized the goal of achieving zero flaring by 2030 and highlighted the current focus on pipeline gas over LNG production.

See also  The International Islamic Trade Finance Corporation (ITFC) and Mutual Trust Bank Sign Murabaha Agreement to Boost Trade Finance for Small and Medium Enterprises (SMEs) and the Private Sector in Bangladesh

Addressing the challenge of financing, Minister Abdulsadek acknowledged the need for investment to access cutting-edge technology and services for energy projects. Despite political challenges, the government is dedicated to securing funds for energy initiatives and collaborating with the Ministry of Finance and the Central Bank to allocate budgets for essential projects in Libya.

This latest development underscores Libya’s commitment to enhancing its energy sector and ensuring a sustainable future for the country’s oil and gas industry. With a clear focus on increasing refining capacity, optimizing natural gas production, and securing financing for key projects, Libya is poised to strengthen its position as a significant player in the global energy market.

Distributed by APO Group on behalf of Energy Capital & Power.

Subscribe to Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

I have read and agree to the terms & conditions
TAGGED:Africa.comaimsBarrelsboostBPDCapacitydayLibyaRefining
Share This Article
Twitter Email Copy Link Print
Previous Article Air Fryer Cooking: 3 Healthy Eating Tips to Try
Next Article Open burger menu Dr Randy Abbey named Acting Chief Executive Officer of Ghana Cocoa Board
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Editor's Pick

Best Phone 2024: Top 10 Mobile Phones Today

Need a new phone? The constant influx of new handsets can make it challenging to keep track of what's worth…

November 12, 2024 3 Min Read
14 best trading platforms in Nigeria 

Avatrade is regulated by the Central Bank of Ireland, ASIC in Australia,…

20 Min Read
The fall of Ghana’s NPP and the resurgence of the NDC in the 2024

The 2024 general elections in Ghana marked a seismic shift in the…

8 Min Read

Lifestyle

‘South Africa needs brave men like Mkhwanazi,’ says Moja Love TV boss’ foundation

The Aubrey Tau Foundation has come out in support of…

July 9, 2025

7 reasons Gen Zs choose friends with benefits

With the fast-paced lives of Gen…

July 8, 2025

Discover the Netflix characters setting 2025 fashion trends

Netflix character fashion has become a…

July 8, 2025

Ayanda Thabethe says ‘I do’ in intimate wedding ceremony

TV presenter Ayanda Thabethe recently shared…

July 7, 2025

Upgrade PCs to upgrade security

The Rise of Cybercrime in Africa:…

July 7, 2025

You Might Also Like

Africa

Boosting Education Technology In Africa

Africa’s population is currently 1.5 billion, with 70% of its inhabitants under the age of 30, making it the youngest…

3 Min Read
Africa

Unlocking Africa’s Carbon Wealth Through Integrity, Action And Investment — Carbon Markets Africa Summit (CMAS) Is A Project Of Vuka Group

The highly acclaimed VUKA Group has recently announced the launch of the Carbon Markets Africa Summit (CMAS), a prestigious continental…

3 Min Read
Africa

All Hands on Deck by Arunma Oteh announced as winner of the BCA African Business Book of the Year 2025

All Hands on Deck by Arunma Oteh Wins BCA African Business Book of the Year 2025 The prestigious BCA Business…

3 Min Read
Africa

Unlock the Adventure of a Lifetime in Ethiopia: Top Destinations and Tips

Ethiopia: A Journey Through History, Nature, and Culture Ethiopia is a land where history, culture, and nature intertwine to create…

6 Min Read
logo logo
Facebook Twitter Youtube

About US

Stay informed with the latest news from Africa and around the world. Covering global politics, sports, and technology, our site delivers in-depth analysis, breaking news, and exclusive insights to keep you connected with the stories that matter most.

Top Categories
  • Africa
  • Business
  • Entertainment
  • Sports
Usefull Links
  • Home
  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2024 africanewsherald.com –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?