Gulf Oil and Gas accountACCOUNT

German Companies Express Interest in Libyan Oil & Gas Sector

Source: www.gulfoilandgas.com 3/10/2019, Location: Africa

Chairman of National Oil Corporation (NOC), Eng. Mustafa Sanalla took part in the Libyan-German Economic Forum, held on March 8, 2019, in Tunis, alongside a number of other sovereign state institutions and His Excellency Oliver Owcza, Ambassador to Libya. Discussions focussed on Libya's economic recovery and in-country investment opportunities.

German companies expressed their desire to return and invest in Libya, most specifically in the oil and gas sector. Mutual commercial opportunities, including investment in development projects, the support of small and medium-sized enterprise growth, and specialised technical training were also discussed.

In his remarks, Sanalla highlighted the opportunity open to German and international companies in the oil sector: “Libya is rich in hydrocarbon reserves, making it an attractive prospect for inward investment. Additional technological expertise can help drive production output, thereby contributing to our strategic outlook and through increased oil and gas production, help drive our national recovery."

Other parties at the meeting included representatives from Libya's Presidency Council, Central Bank, Ministry of Local Government, NOC subsidiaries, as well as German financial institutions and corporations.

For more information about related Opportunities and Key Players visit North Africa Projects

Investment News in Libya >>

Azerbaijan >>  4/19/2019 - Equinor and eight partners in the offshore Azeri Chirag Gunashli (ACG) oilfield in the Caspian Sea have made a USD 6 billion investment decision to bu...
Russia >>  4/19/2019 - The Gazprom Neft Board of Directors has reviewed information on the company’s budgetary and investment programme performance in 2018. ...

United Kingdom >>  4/12/2019 - Independent global completions service company Tendeka has more than doubled its work in the UK offshore sector over the past 12 months. The growth in...
Canada >>  4/10/2019 - Africa Oil Corp. had acquired 4,752,850 common shares of Eco (Atlantic) Oil and Gas Ltd. ("Eco") for US$1.05 per common share for a total consideratio...

Saudi Arabia >>  4/9/2019 - Saudi Aramco is set to raise $12 billion with its first international bond issue after receiving more than $100 billion in orders, a record breaking v...
United Kingdom >>  4/7/2019 - The offshore market is set for a bumper year with 83 greenfield FIDs expected, totalling $115 billion in infrastructure, equipment & associated drilli...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Libya Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 |

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.