No Result
View All Result
Tuesday, February 24, 2026
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 Minister Aoun denies barring two UK companies from investing in oil sector

byIbrahim Senusi
February 14, 2023
Reading Time: 1 min read
A A
Libya and Shell discuss several areas of cooperation

Mohamed Aoun, the Minister of Oil and Gas in the Tripoli-based government of Abd Alhamid Aldabaiba, denied circulating news of his ministry’s approval or prevention of two British companies from investing in an oil project in Libya. The denial came in a call to Libya Herald, through the ministry’s media advisor.

The two companies were named in Libyan media as the Oil and Gas Systems Limited Company and the Oil and Gas Services Company Limited.

The oil minister stressed that he is not aware that there are companies from Britain or other countries that have been prevented for years from working in Libya because they did not obtain the approval of the Privatization and Investment Board (PIB).

He said this matter (permission for foreign companies to invest in Libya) relates to the PIB itself and has nothing to do with the Ministry of Oil in its terms of reference. Aoun added that the Ministry of Oil operates according to the Libyan Oil Law, which specifies it has terms of reference and mechanisms for dealing with others at home and abroad.

Minister Aoun pointed out that the Ministry of Oil works with full transparency and expresses its opinion publicly on matters related to the oil sector. He said all the news of the ministry is published on its website and platforms, and journalists can communicate directly with its information office, so there is no need to leak news. This is especially so if the name and role of those who leaked the news to the press are not mentioned.

RELATED POSTS

744 investment projects worth LD 50 billion in food, building materials, renewable energy, health, and education approved

Attorney General drops 4-year prison sentence against former Oil Minister Aoun after his arrest at Mitiga airport

Tags: Oil Minister Mohamed Aoun GNUPIB Privatization and Investment Board

Related Posts

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

As the dollar breaks the LD 10.50 mark, Aldabaiba attempts to deflect blame squarely onto Hafter for Libya’s runaway economic crisis

February 24, 2026
GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU
Business

Tripoli Libyan government rejects new import taxes, blames dinar collapse on Hafter’s parallel spending outside approved budget

February 24, 2026
HoR condemns Serraj’s foreign intervention call
Business

107 HoR members state that they have not issued the decision to impose new import taxes

February 24, 2026
Workshop on performance efficiency and quality assurance in the contracting sector
Business

Surman Chamber of Commerce receives decision from General Union to commence its activities

February 23, 2026
Vandalism of petrol stations is cause of fuel crises – Tripoli Municipal Council
Business

HoR report on fuel shortages concludes that fuel shortages are due to reduction in the number of fuel shipments and not a fabricated crisis

February 23, 2026
Misrata Chamber of Commerce holds meeting with companies to discuss HoR’s new tax bill
Business

Misrata Chamber of Commerce workshop held on ‘‘Implementation of the Unified Digital System and the Sub-Components of the PTS System for Trade’’

February 23, 2026
Next Post
Commercial Registry and General Information Authority receive UNCTAD training on digital transformation

Commercial Registry and General Information Authority receive UNCTAD training on digital transformation

Italy’s Aeneas starts work, Tripoli International Airport will be ready within 15 months

Italy's Aeneas starts work, Tripoli International Airport will be ready within 15 months

Top Stories

  • Aldabaiba attempts to solidify his position and continues to entrench rentier state with a spree of handouts

    Aldabaiba refutes Italian media reports of another health setback – says he was having a routine checkup coinciding with a Milan visit

    0 shares
    Share 0 Tweet 0
  • Newly created Libyan United Airlines reveals logo – stresses it is a privately owned airline

    0 shares
    Share 0 Tweet 0
  • US working for economic and military integration by bringing together senior officials from eastern and western Libya: Massad Boulos at Security Council

    0 shares
    Share 0 Tweet 0
  • No progress in Libya’s latest political Roadmap: UNSMIL head Tetteh

    0 shares
    Share 0 Tweet 0
  • Aldabaiba calls on CBL Governor to halt all 2026 project spending across Libya – until the newly US-brokered unified spending agreement is adhered to

    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

China’s new Ambassador to Libya Ma Xuliang presents his credentials

As the dollar breaks the LD 10.50 mark, Aldabaiba attempts to deflect blame squarely onto Hafter for Libya’s runaway economic crisis

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.