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Situation in Libya

Libya could become reliable supplier of oil, gas again — envoy

Ali Juma Hassan Fadil added that it requires modernizing facilities and creating a more predictable contractual and legal environment for investors

MOSCOW, October 14. /TASS/. Libya is able to strengthen its role as a reliable supplier of oil and gas to global markets once again, the country’s Ambassador to Iran Ali Juma Hassan Fadil said in an interview with TASS.

"Energy security is not only an economic but also a geopolitical category now. For Libya, this situation presents both opportunities and responsibilities. The country possesses significant resources and is located in close proximity to European markets. In a stable production and investment environment, Libya is capable of strengthening its role as a reliable supplier of oil and gas," he said.

"However, it requires protecting energy infrastructure, ensuring stable production, modernizing facilities, and creating a more predictable contractual and legal environment for investors," the diplomat noted.

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Situation in Libya

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