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U.S. Companies Invited to Explore and Develop Libya’s Oil and Gas Resources

On September 2, 2021, Energy Capital & Power (ECP) signed an agreement with the American Chamber of Commerce in Libya (AmCham Libya), sealing an important partnership that will promote U.S.-Libyan business in energy and related sectors at the Libya Energy & Economic Summit 2021. As part of the agreement with AmCham Libya, the event organizer ECP extends an invitation to U.S. companies to attend the Libya Energy & Economic Summit 2021. While oil and gas will play a central role in the conference agenda, the event will include sessions on infrastructure, renewables, power, and other diversified sectors.

Debbie Hirst, Director of AmCham Libya, said: “This conference is an exciting opportunity for the business community in Tripoli and takes place at an important moment in Libya’s re-emergence. The U.S. and its companies can play a vital role in developing and growing the economy and supporting the Libyan private sector and energy business. Alongside ECP, we are committed to bringing U.S. investment into the country.”

U.S. companies have historically played a vital role in exploring and developing Libya’s oil and gas resources. Esso in 1957 drilled the first successful oil well and made commercial discoveries in 1959. American firms and consortia, including Chevron, ExxonMobil, Hess Corporation, ConocoPhillips, Occidental Petroleum and others, have remained instrumental in developing the nation’s oil and gas fields in the years since. 

The Libya Energy & Economic Summit 2021 will be held on 22-23 November 2021, in-person in Tripoli and on Zoom for online participants. The event is officially endorsed and organized in close collaboration with the Office of the Prime Minister and represents the first major energy event to be held in person in Tripoli for a decade.

This article was from a press release was distributed by APO Group.  You can start earning money by becoming our Independent Reporter or Contributor. Contact us at IR@downtownafrica.com

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