3th Libya Oil, Gas and Renewable Energy Exhibition
Libya Oil, Gas, and Renewable Energy Exhibition will take place in Benghazi, Libya between 9-11 October 2023 as the unique oil and gas show in Libya. This advantageous location is the best opportunity to grow a business network.
Libya is one of the largest producers of oil in Africa, the oil and gas industry is a vital sector that contributes greatly to the Libyan economy.
- Libya has the largest oil reserves in Africa, with oil accounting for about 90% of the country's exports. - Libya has vast reserves of natural gas and is one of Africa's largest gas producers.
- Libyan oil production reaches nearly 1.6 million barrels per day, making a significant contribution to meeting global oil demand. - Libyan gas production reaches around 3.5 billion cubic feet per day, with a large part of its output exported to global markets.
- Most of Libya's oil fields are located in the Oil Crescent, with other areas including the south, west, and east. - Most of Libya's gas resources are concentrated in the southwest, with other areas including the northeast and northwest.
As oil is expected to remain one of the main components in the energy mix, it can become an opportunity for companies to exploit conventional oilfields with excellent grades of oil at cheaper rates and increase their profitability. The increasing number of projects in the oil and gas sector has asked push for growth in the industry. Companies around the globe are using their resources to improve their stake in the Libya oil and gas market and trying to increase their gains in the coming years.
Libya Oil, Gas will gather the sector professionals and investors this September 2023, which is why Libya Oil, Gas fair is the best way to enter the Libya market.