On November 21, 2021, USLBA Executive Director Lydia Jabs arrived in Libya for consultations and to participate in the Energy and Economic Summit hosted by Energy Capital and Power at the Corinthia Hotel in Tripoli. Throughout the conference, the Libyan government pledged to encourage private investment in both the energy and non-energy sectors through enhanced regulatory frameworks, business practices, and goals for economic reform. For their part, participating companies encouraged Libya to take steps to realize the potential of its vast oil and gas reserves while utilizing modern technologies to minimize negative impacts on the environment. With further progress on political stability and security, Libya can become a strong regional player with a dynamic energy sector at the core of its economy.
On the second day of the conference, Lydia Jabs gave a short introduction about the US-Libya Business Association and the appetite and environment for foreign investment in Libya.
USLBA was proud to be a strategic partner for this exciting event, we look forward to attending again next year!