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


United Kingdom >>  8/5/2022 - The Equinor-operated Rosebank oil and gas field will provide significant investment into the UK.

According to a socioeconomic study by Wood...

United States >>  8/5/2022 - Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) ("Calumet") today announced a series of transactions conducted by its unrestricted subsidiary...

Saudi Arabia >>  8/3/2022 - Saudi Arabian Oil Company (“Aramco”) today signed a Memorandum of Understanding (MoU) with China Petroleum & Chemical Corporation (Sinopec) covering m...
Azerbaijan >>  8/2/2022 - Azerbaijan’s goal of diversifying its energy mix has received a major boost with the approval of US$ 114.2 million financing package from the European...

United States >>  8/2/2022 - The Biden-Harris Administration, through the U.S. Department of Energy (DOE), today announced $26 million to fund projects that will demonstrate that ...
Canada >>  8/1/2022 - Aurora Hydrogen, a company developing emission-free, hydrogen production technology, has raised $10M USD in Series A funding led by Energy Innovation ...

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  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.