No Result
View All Result
Friday, October 10, 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

NOC and Italian company Saipem sign consultancy service contract for oil conservation and services centre

bySami Zaptia
March 11, 2021
Reading Time: 2 mins read
A A

By Sami Zaptia.

(Logo: NOC).

London, 11 March 2021:

Libya’s state National Oil Corporation (NOC) and Italian company Saipem signed a contract Tuesday (9 March) for the establishment of an Oil Maintenance and Services Centre in Benghazi.

The NOC reported that Saipem has extensive experience in technical centres, having its own engineering centres in strategic areas worldwide. In addition, Saipem’s long established presence and commitment to Libya, exemplified by its determination to maintain its headquarters and local staff even in recent years, provides Saipem with a strong knowledge of Libya and its energy infrastructure. In recognition of these qualities, Saipem has been considered by Libya’s NOC as the ideal partner to develop the Benghazi Oil Technical Centre Project, the NOC reported.

Saipem will initially provide the feasibility study, FEED & bid services for the duration of 15 months. In the later stages, Saipem will look after project management services and owner’s engineer services over the remaining 40 months of the contract.

RELATED POSTS

NOC, Ministry of Industry and Military Industries Organisation attempt to activate local oil industry equipment manufacturing through private sector

NOC Chairman gives green light to start installation of giant compressors in Bahr al-Salam field ‎

NOC Chairman Mustafa Sanalla commented: “To get a significant cost savings, reduced production losses and time savings by performing maintenance work locally through the investing companies, the NOC is adopting the establishment of a specialized technical centre in the city of Benghazi, with a high level of equipment and infrastructure.

The centre will be divided into suitable areas for investment by international companies or specialized manufacturers. By completing the signing of the consulting services contract with the Italian company Saipem, we will have started the implementation work of the project, through which we are looking forward to extending the cooperation bridge with Saipem to implement other projects”.

During the signing ceremony Stefano Cao, CEO of Saipem, commented: “North Africa remains a strategic area of huge potential developments in both industrial and energy sectors. This project consolidates our relationship with NOC and gives us the opportunity to support our client in creating an important centre for the optimal utilization of the national resources”.

Tags: featuredNOC chairman Mustafa SanallaNOC National Oil CorporationSaipem

Related Posts

“Beaches and marine life: Between investment and environmental conservation. Towards more sustainable eco-tourism” debate held in Tripoli
Business

“Beaches and marine life: Between investment and environmental conservation. Towards more sustainable eco-tourism” debate held in Tripoli

October 10, 2025
NESDB discusses food security and social protection with World Food Programme
Business

National Social and Economic Development Board organises dialogue on economic policy alignment

October 9, 2025
Minister of Industry meets the Committee for Localisation of Oil Materials and Equipment Industry
Business

Ministry of Industry and Minerals discusses establishment of cement factory with Hungarian company Rotary International Ltd

October 9, 2025
Benghazi Chamber participates in workshop on the blue economy
Business

Benghazi Chamber of Commerce and Libyan Italian Chamber of Commerce discuss cooperation, strengthening economic relations between the two countries

October 9, 2025
LBC leading delegation to Miami for America’s Food and Beverage Show – 18 to 20 September
Business

LBC meets Serbian Ambassador to discuss private sector cooperation and the Libyan Serbian Business Forum to be held in Belgrade at the end of 2025

October 9, 2025
CBL receives results from meetings with international banks
Business

CBL reviews foreign assets totalling US$ 98.8 billion with investment return of US$ 2.2 billion to September

October 8, 2025
Next Post
Book review: From Jerusalem to a Kingdom by the Sea. By Adel Dajani

Book review: From Jerusalem to a Kingdom by the Sea. By Adel Dajani

The Tunisian-Libyan Economic Forum in Sfax starts with large participation from both countries

The Tunisian-Libyan Economic Forum in Sfax starts with large participation from both countries

ADVERTISEMENT

Top Stories

  • CBL reduces annual hard currency transfer limit for individuals

    Dollar exchange rate falls to Libyan Dinar in black-market four days after end of deadline for withdrawal of old LD 5 and LD 20 notes

    0 shares
    Share 0 Tweet 0
  • Eni North Africa resumes exploratory drilling in offshore area D (mn41) northwest of Libya – after 5-year hiatus

    0 shares
    Share 0 Tweet 0
  • Libya and UAE discuss resumption of flights – Airline delegations to visit Libya soon to discuss flight resumption dates

    0 shares
    Share 0 Tweet 0
  • Bilateral Chamber to hold high-level U.S.-Libya Ministerial Roundtable in Houston on 13 October

    0 shares
    Share 0 Tweet 0
  • Air traffic increasing over Kufra Airport airspace – up to 100 international airliners per day

    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

Two detained in Aman bank Ajdabiya branch for LD 1.063 million fraud to trade in foreign currency

IOM identifies 894,890 migrants in Libya from 45 nationalities in May-July 2025 reporting period – 18 percent up on 2024

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.