No Result
View All Result
Saturday, July 12, 2025
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Business

Libya Oil and Gas Summit opens in Tripoli

bySami Zaptia
April 11, 2013
Reading Time: 2 mins read
A A
Libya Oil and Gas Summit opens in Tripoli

The Libya Summit - Oil, Gas and Sustainable Growth 2012 opened in Tripoli yesterday (Photo: Sami Zaptia)

The Libya Summit – Oil, Gas . . .[restrict]and Sustainable Growth 2012 opened in Tripoli yesterday (Photo: Sami Zaptia)

By Sami Zaptia.       

Tripoli, 25 September 2012:

The ‘Libya Summit – Oil Gas and Sustainable Growth’ opened yesterday morning at the Corinthia hotel. The conference was officially opened by Abdulrahman Benyezza Libya’s Minister of Oil and Gas and Renewable Energies.

 

Libya’s Oil Minister Abdulrahman Benyezza at yesterday’s oil conference in Tripoli (Photo: Sami Zaptia)

 

RELATED POSTS

Libya Energy Conference, London, 2 July

Tripoli based Libyan government delegation to Washington discusses prospects for cooperation in energy sector with US State Department officials

In a very short opening speech, Minister Benyezza noted that this was the first major oil and gas conference in Libya since liberation. Libya had reached its current high oil production levels in record time he highlighted, as he paid tribute to the local Libyan workforce in achieving this.

Referring to the recent successful elections of Libya’s General National Congress (GNC), Minister Benyezza felt that Libya had overall a bright future to look forward to, which augured well for its hydrocarbon sector.

 

Libya’s National Oil Corporation (NOC) head Nuri Berruien gave a detailed presentation in his ‘Outlook Libya: Future Plans and Opportunities for Collaboration’ remarks. (Photo: Sami Zaptia)

 

In contrast and during a longer power-point presentation, the National Oil Corporation (NOC) head Nuri Berruien also paid tribute to the Libyan workforce that he felt was instrumental in ramping up oil production levels. But he also emphasized that he was counting on them for an equally prosperous future in Libya’s hydrocarbon sector. ‘About 95% of the work in the Libyan oil sector is carried out by Libyans, so we are well positioned to move the sector forward in the future’.

Regarding the security situation in Libya, Burruien felt that the situation had stabilized and that while Tripoli was quite safe, he felt that even Benghazi was now quite safe to work in.

‘We were asked to hold this conference abroad, but we wanted to hold here in Libya’, he said as he gestured at the two hundred –odd mostly foreign attendees in the conference room.

He felt that the recent insecurity in Benghazi was a passing phenomenon and that the authorities had taken the necessary action to stabilize the situation. He was keen to pit out that security was very good at the oilfields.

‘Libya’s oil sector was destroyed by the old regime – by design’, Burruien emphasized. ‘Libya still has huge hydrocarbon reserves to be exploited and it will remain an exporter for decades. We can add at least another 25 years of production at current rates which would keep Libya amongst the leading exporters’, the Minister said.

Indicating the new free market, private sector and decentralization outlook of the new Libyan regime, Burruien said that he hoped that ‘the private sector in Libya will develop quickly so as to be able to play a part in the development of this sector’.

Asked about the possibility of any new bid rounds being opened soon, Burruein said that ‘there would be no bids until a new elected and fully sovereign government is in place’.

With regards to the status of current contracts, Burruien repeated that ‘some contracts would be reviewed’, without giving any indications of what form this would take nor giving any clues as to which contracts. [/restrict]

Tags: BenyezzaBurruienexportsgashydrocarbonsLibyaNational Oil CorporationNOCoiloil and gasproduction

Related Posts

CBL receives results from meetings with international banks
Business

CBL workshop on ‎”The Role of the Banking Sector in Revitalising Stalled Housing Projects and Urban Development”‎ to be held in Tripoli on 13 July

July 11, 2025
Preparations for the second ‘‘Made in Libya’’ edition in Niamey, Niger progressing
Business

“Made in Libya” exhibition to be held in Benghazi from 10 to 13 August

July 11, 2025
Sirte and BACB to improve cooperation
Business

Sirte Oil completes drilling of horizontal well in Zilten field producing 1,985 bpd using local cadres

July 11, 2025
Libya Development and Reconstruction Fund signs contract with Turkey’s Ankamenia for maintenance of Benghazi University’s medical colleges
Business

Libya Development and Reconstruction Fund signs contract with Turkey’s Ankamenia for maintenance of Benghazi University’s medical colleges

July 10, 2025
Libyan olive oils win gold at Anatolian, Berlin and Japan 2025 international olive oil competitions
Business

Libyan olive oils win gold at Anatolian, Berlin and Japan 2025 international olive oil competitions

July 10, 2025
NOC announces force majeure at Zawia port
Business

Libyan Fertiliser Company’s urea plant achieves a 95 percent production rate

July 10, 2025
Next Post

Oil production exceeds outside predictions

Update: National Congress evacuated following firefight outside

ADVERTISEMENT

Top Stories

  • Benghazi port receives 398 containers of mixed goods, 25,000 tons of wheat, 28,500 tons of barley and 6,000 tons of cement

    All imports into Libya must be paid for through official bank transactions

    0 shares
    Share 0 Tweet 0
  • BP to reopen office in Libya, Shell discusses prospects for cooperation in oil field development‎

    0 shares
    Share 0 Tweet 0
  • Libya Development and Reconstruction Fund signs contract with Turkey’s Ankamenia for maintenance of Benghazi University’s medical colleges

    0 shares
    Share 0 Tweet 0
  • Libyan olive oils win gold at Anatolian, Berlin and Japan 2025 international olive oil competitions

    0 shares
    Share 0 Tweet 0
  • Op-Ed: Reputational Damage Is Worse Than Losing Money

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

CBL workshop on ‎”The Role of the Banking Sector in Revitalising Stalled Housing Projects and Urban Development”‎ to be held in Tripoli on 13 July

Attorney General provides update on investigation of incidents resulting from Tripoli 2025 armed clashes and demonstrations

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.