No Result
View All Result
Wednesday, February 18, 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

Aldabaiba relaunches construction of Tripoli Gate’s Zumurrud Shopping Mall on Airport Road
Business

First phase of technical study assessing existing damage to Zumurrud Mall project completed

February 18, 2026
Economy Minister Hwej reviews his ministry’s implementation of its 2023 plan and issues several directives
Business

Ministry of Economy invites Serbian companies to participate in 52nd Tripoli International Fair

February 18, 2026
‘‘Enhancing skills related to the green and blue economy to enhance employment opportunities’’ workshop held in Tripoli
Business

Ministry of Planning meets Libyan Industry Union to discuss support for nationally manufactured products

February 18, 2026
Policeman killed in UNDP Tripoli office attack
Business

Libyan institutions explore how emerging technologies can strengthen education and scientific research

February 18, 2026
State sectors in east to form unified e-window for speedier procedures
Business

HoR Members, Benghazi Municipality and Benghazi Chamber meet British business delegation visiting Benghazi

February 17, 2026
Customs Authority uncovers 11 companies involved in illicit use of Letters of Credit exceeding US$ 54 million
Business

There is no shortage of food supplies in the Libyan marketplace: Customs Authority

February 17, 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

  • NOC announces force majeure at Zawia port

    Seven companies successful as Libya announces results of first public bidding round for oil and gas exploration‎ in 17 years

    0 shares
    Share 0 Tweet 0
  • General Staff of Libyan Army strongly condemns yesterday’s Janzour armed clashes – those responsible will be held accountable

    0 shares
    Share 0 Tweet 0
  • Military Industrialisation Organisation signs major strategic agreement with Turkish company to begin a new industrial phase

    0 shares
    Share 0 Tweet 0
  • Tunisian Ministry of Transport announces studies for railway connection project with Libya and Algeria

    0 shares
    Share 0 Tweet 0
  • LIA discusses with China’s Chargé d’affaires reinvesting Libya’s Security Council frozen assets to preserve their value

    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

First phase of technical study assessing existing damage to Zumurrud Mall project completed

Tripoli Port receives Kone Crane-type grab from Turkish branch of Portunus

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.