During the Libya Energy and Economic Summit (LEES) held in Tripoli, the General Manager of Turkish Petroleum (TPAO), Ahmet Türkoğlu, expressed his company’s strong desire to invest in Libya’s energy sector and expressed his great confidence in Libya’s vast potential in this field.
While participating in a panel discussion titled “Libya: A Hub in Global Energy Trade,” Türkoğlu stated: “We plan to rebuild our relationship with Libya to reach a production of two million barrels of oil and gas per day, and we are confident that the country is capable of achieving much more than that.”
Türkoğlu pointed out the challenges foreign companies face in entering the Libyan market, stressing the need to facilitate procedures for these companies to ensure the national economy’s success and the Libyan people’s well-being.
The TPAO Director also stressed the importance of achieving sustainability in Libya’s oil sector and called for an improved investment environment to attract more investors.
Türkoğlu concluded his remarks by emphasizing that Libya possesses enormous potential in the energy sector, which will contribute significantly to the country’s economic growth if invested optimally.
