Baku. TurkicWorld:
Libya's potential in oil and gas, reaffirming Ankara's readiness to collaborate with countries and firms to help Libya use this potential.
Türkiye's energy minister Alparslan Byraktar said that in Libya Energy&Economic Summit 2024, organized by Energy Capital & Power (ECP), reports TurkicWorld.
“Energy world has faced many crises in recent years, including climate change, the COVID-19 pandemic, supply chain disruptions, surging commodity prices, and geopolitical tensions, underscored by the conflict in Ukraine and recent events in Gaza. To address all these challenges and to secure energy supply, reliable and affordable energy supply is becoming increasingly difficult each and every day," - the minister said in his speech.
He highlighted Libya's significant potential in fields beyond oil and gas, emphasizing the nation's capacity for renewable energy development.
Moreover, Bayraktar mentioned the long-standing partnership between Türkiye and Libya, expressing confidence that this alliance could be expanded also into the energy sector.
He also touched upon the shift in transportation, with the advent of electric vehicles and the subsequent rising demand for critical minerals, presenting new challenges for the global economy.
