Libyan Prime Minister Abdulhamid Dbeibeh has appointed Dr. Khalifa Abdulsadek to oversee the country’s Ministry of Oil and Gas.
The appointment follows the suspension of Libya’s former Minister of Oil and Gas Mohammed Aoun on March 25.
Having served as the CEO of local service provider Murzuq Oil Services and having held a position on the board of director for exploration at the state-owned National Oil Corporation (NOC), Dr. Abdulsadek brings over 20 years of experience to Libya’s oil and gas sector.
According to the NOC, Libya is currently targeting production levels of two million barrels of oil and four billion cubic feet of natural gas per day over the next three to five years.
To achieve this target, the NOC has 45 greenfield and brownfield projects in the pipeline, to be developed at an estimated cost of $17-18 billion.
Meanwhile, gas monetization remains a strategic focus. Libya currently flares over 400 million cubic feet of natural gas and has 12 projects underway aimed at reducing gas flaring to zero.
In the power distribution sector, Libya’s Tobruk Gas Power Plant in Butnan, was restored to operation in January 2024 following a two-year renovation and now boasts a generating capacity of 1,420 MW.
