No Result
View All Result
Tuesday, June 24, 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

Oil production will continue in Libya for nearly a century – Etilaf Musharaka

bySami Zaptia
September 27, 2013
Reading Time: 2 mins read
A A

By Sami Zaptia.

Tripoli, 21 September 2013:

Speaking on the second and final day of the CWC Libya Forum on oil and gas . . .[restrict]held in Tripoli (September 17-18), Managing Director Khalid Ghozlani of Etilaf Musharaka, a contracting JV between a Libyan and foreign company in Libya’s oil sector, shared some of his company’s experience in post revolution Libya.

The challenges that his contracting company faced upon returning to Libya post revolution were to rebuild the company’s infrastructure, retain employees, logistics and risk management, seeking equipment suppliers, and filling for indemnity claims for loss.

On the latter, adding that his company had received no reimbursement to date.

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

Post-independence there was more competition for job retention, the Managing Director of Etilaf Musharaka admitted, with members of his staff that had become thuwar (armed fighters) during the revolution being offered other better paid jobs.

“We have revised pay scale three times and pegged pay to rig performance and offered private health coverage”, he explained.

However, industrial strikes have proven a challenge, he admitted. “We have tried to introduce the new culture to our Libyan staff that they can express a differing opinion without necessarily going on strike”, he remarked.

He explained that his company is well upon its way to rebuilding its offices that were totally destroyed by the war effort and that new processes and procedures have had to be put in place with regards to logistics and risk management.

With regards to sourcing supplies and keeping stock, he admitted that extended lead times for products purchased abroad needed to be taken into consideration keeping in mind realistic local Libyan logistics.

Commenting on the outlook for the Libyan market, ultimately, he felt that by his company’s calculations Libya should be producing oil for the next 90 years – at the current rate of oil production of 1.5 million barrels per day and on the basis of oil reserves of just 49 billion barrels of oil.

Therefore, Khalid Ghozlani said in concluding, the future in his opinion is bright for the oil sector and oil related companies in Libya for nearly a century. [/restrict]

Tags: contractorlogisticsoil and gasreservesrevolutionrisksupplieswages

Related Posts

Libya and Shell discuss several areas of cooperation
Business

Minister of Oil discusses with British Ambassador prospects of partnership in energy and petrochemical investments

June 24, 2025
GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU
Business

PM urges acceleration of work on Tripoli’s pivotal urban projects

June 23, 2025
Economy Minister Hwej reviews his ministry’s implementation of its 2023 plan and issues several directives
Business

Minister of Economy approves 20 new investment projects to support Libyan private sector

June 23, 2025
NOC announces force majeure at Zawia port
Business

NOC Chairman discusses increased cooperation with SLB

June 23, 2025
Sirte Free Zone meets Oman Chamber of Commerce at Oman Agrofood 2024
Business

Sirte Free Zone discusses port development and infrastructure projects with China Harbor‎ Engineering Company

June 16, 2025
LBBC leads delegation to Tripoli of 30 business representatives
Business

Libya Energy Conference, London, 2 July

June 16, 2025
Next Post

Democracy standards in an Islamic Context: Tripoli conference report now available

Benghazi to Belgium: Libyan motorcyclists rev up for road trip

Benghazi to Belgium: Libyan motorcyclists rev up for road trip

ADVERTISEMENT

Top Stories

  • GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU

    187 new security posts taken over from militias – PM declares victory for the state as all vital Tripoli sites come under its exclusive control for the first time since 2011

    0 shares
    Share 0 Tweet 0
  • Construction work progressing at Benghazi’s new Tika airport

    0 shares
    Share 0 Tweet 0
  • The Interior Ministry had spent LD 50 billion in 13 years with no result: Acting Interior Minister Trabelsi

    0 shares
    Share 0 Tweet 0
  • Minister of Economy approves 20 new investment projects to support Libyan private sector

    0 shares
    Share 0 Tweet 0
  • NOC Chairman discusses increased cooperation with SLB

    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

Minister of Oil discusses with British Ambassador prospects of partnership in energy and petrochemical investments

PM urges acceleration of work on Tripoli’s pivotal urban projects

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.