The Minister of Oil in charge of the Government of National Unity, Khalifa Rajab, held a meeting with the CEO of the Algerian company “Sonatrach”, “Rachid Hachichi”, on the sidelines of the GasTech 2024 conference in Houston, America.
During the meeting, “the two parties reaffirmed their commitment to strengthening their partnership in the field of oil and gas exploration and development, renewable energy projects, and oil field services, in addition to training, exchange of expertise, and transfer of knowledge, and the importance of maintaining economic relations and strategic cooperation in a way that preserves the interests of the two countries.”
Al-Hashishi confirmed, “Sonatrach’s determination to resume its activity in Libya, complete its contractual obligations, and begin developing the discovered fields.”
On the sidelines of the third day of the GasTech 2024 conference, the Minister of Oil, Khalifa Rajab Abdul Sadiq, and the accompanying delegation also held several meetings. Other.
At the invitation of the CEO of the Bilateral Chamber of Commerce, a global organization for economic development, investment promotion and economic growth, Al-Sadig and the Ministry’s Director General of Planning held a meeting with a number of members of the chamber representing CEOs and boards of directors of global companies in the field of exploration, development and production of oil and gas, and various oil and banking services, including the Vice President of Global Exploration at ExxonMobil, the General Manager of Business Development at Jeffron, and the Vice President of International Relations at Halliburton.
The Minister-designate presented “a general overview of the development projects in the oil sector plan to increase oil and gas production rates, related infrastructure projects, and refinery development projects.”
In response to investors’ questions about the current business environment in Libya, he explained that “Libya is seriously working to create the ideal conditions for investment, as it enjoys huge reserves of oil and gas ready for development, and promising areas for exploration.”
He added: “In the near future, the National Oil Corporation will announce a new exploration licensing round, aiming to boost the economy and support stability in the State of Libya.”
The investors expressed their “gratitude for the explanations and the minister’s responses to their questions about the available investment opportunities, and about the transparency and valuable information that encourages investment in the State of Libya.”
A consultative meeting was held between Khalifa Rajab Abdul Sadiq, Ekperkipe Ekpo, Minister of State for Gas Affairs of the Federal Republic of Nigeria, attended by the CEO of Green Flow Gas Pipeline Company/National Oil Corporation, the Director General of Planning at the Ministry, and Olalekan Ogunleye, Executive Vice President for Gas and Power at the Nigerian National Petroleum Corporation Limited, regarding the Republic of Nigeria’s intention to implement a pipeline project to transport gas produced from its fields to export gas to Europe via Libya.
It was agreed to “prepare a memorandum of understanding to conduct technical and economic feasibility studies in this regard, and it is expected that this project will have a huge economic return on the Libyan state.”
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2024-09-22 15:33:29