The Minister of Industry and Minerals, Ahmed Abu Hisa, met at his Ministry’s office with the Chairman and members of the Localisation Committee for the Oil Materials and Equipment Industry. The committee brings together experts from the Ministries of Industry and Minerals and Oil and Gas.
Transfer knowhow, create jobs and investment partnerships
During the meeting, the Minister said that the localisation of the oil sector materials and equipment industry and other industries is a national project. He said the purpose of the local manufacturing of these specific needs whose basic raw materials is available to reduce the cost of their import. Localisation also helps transfer equipment manufacturing technology, providing job opportunities, and creating new partnerships for investment.
Save Libya money and time
Commenting on the meeting, which was attended by experts from the Ministry of Oil, the Director of the Media Office of the Ministry of Oil and Gas, Ahmed Al-Tarhouni, told the Libya Herald that the formation of this committee by the Ministry of Industry in cooperation with the Ministry of Oil and Gas came as a result of the urgent need to localize the manufacture of oil materials and equipment that the oil sector needs continuously from abroad. He said the costs of these imports cost the public treasury huge amounts of money and a great deal of time.
A national strategic project
Tarhouni pointed out the keenness of the Ministry of Oil and Gas to make this project a success, which he described as ‘‘national and strategic’’, which will play a prominent role in reducing expenditures and costs and reducing time. It will also establish new industries, transferring technologies that have never entered Libya, and employing the local workforce of engineering, oil, and science college graduates. He said the project will create a development climate based on the oil industry, the main source of income that advances the national economy.
Al-Tarhouni confirmed that there are large industrial complexes inside Libya that have been idle for several years near Tripoli. They can be used to manufacture oil materials and equipment, which only need development, improvement, and the import of some machines from abroad to be ready for production.
“All we need is encouragement and support, but the will and basic capabilities are there, but exploiting and benefiting from them depends on a clear vision and accelerating administrative and legal procedures.”, Al-Tarhouni concluded.
