No Result
View All Result
Thursday, June 19, 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

Czech Republic ready to buy Libyan oil now – but Libya needs political stability to increase oil production

bySami Zaptia
January 26, 2024
Reading Time: 2 mins read
A A
Libya Energy & Economic Summit 22-23 November 2021 – first major in-person energy conference to be held in Tripoli for a decade

(Photo: ECP).

Speaking on one of the discussion panels at the Libya Energy and Economic Summit 2024 (Tripoli, 13 to 14 January) Vaclav Bartuska, Ambassador-at-Large / Special Envoy for Energy Security, Ministry of Foreign Affairs of the Czech Republic told the gathered audience that the Czech Republic was ready to buy oil/gas from Libya.

The panel was discussing Libya’s aim and need to increase its oil production rate from the current 1.2 million barrels a day to 1.5, 2 and 2.5 million in the future.

The panellists were discussing what were the steps Libya needed to take to increase production.

Ambassador Bartuska said that the whole of Europe was looking for alternative energy sources to that of Russia and that Libya had a perfect opportunity to step in as a supplier to Europe – if it can increase its production.

Answering written questions after the Summit from Libya Herald, Ambassador Bartuska said that while he had said the Czech Republic was ready now to buy oil from Libya, it is up to Czech commercial companies to sign supply contracts with Libya’s state National Oil Corporation and not the Czech government.

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

He said conditions had to be right for these contracts to be signed.

Ambassador Bartuska also confirmed that he had met with Libya’s Minister of Oil and Gas, Mohamed Aoun, during his Libya visit.

He said the first condition for Libya to increase oil production is political stability.

And when asked how the Czech Republic and the EU can help Libya achieve that stability, he said no one except the Libyans themselves can bring stability to Libya.

 

International representatives make various interventions at Libya Energy and Economic Summit 2024 (libyaherald.com)

Goal to raise production to 2 million barrels per day is linked to developing partnerships with foreign companies: NOC chairman Bendgara (libyaherald.com)

30 to 40 percent of Libya’s area is still unexplored for hydrocarbons: Oil Minister Aoun (libyaherald.com)

Libya Energy Summit is great support to enhance stability and investment environment: Aldabaiba (libyaherald.com)

Attorney General holds press conference to present an overview of cases in 2023 (libyaherald.com)

NOC declares force majeure on Sharara oilfield due to closure by local protesters (libyaherald.com)

Legal case against NOC chairman Bengdara moving forward – court to issue urgent ruling on 22 January (libyaherald.com)

Tags: Czech RepublicLibya Energy and Economic Summit 2024oil and gas

Related Posts

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
CBL receives results from meetings with international banks
Business

CBL Governor Issa launches transformational financial projects, including National Strategy for Financial Inclusion

June 16, 2025
CBL and Madar launch Sadad mobile e-payment service
Business

Electronic Payment Forum and Exhibition 2025 opens at Tripoli Fairgrounds

June 15, 2025
Preparatory Committee for 30th session of the Libyan-Italian Economic Forum holds second meeting
Business

Libyan Italian Forum for Development and Reconstruction to be held in Benghazi from 25 to 26 June

June 15, 2025
CBL reduces annual hard currency transfer limit for individuals
Business

Libya’s economic reality: limited resources, liquidity challenges, inflation, and need for monetary base restructuring – Husni Bey

June 15, 2025
Next Post
Transport Ministry meets Japanese company North Star interested in investing in Libya

Transport Minister Shahubi opens backup Air Navigation Centre and Air Control Tower at Mitiga airport

CBL receives results from meetings with international banks

CBL meeting on Tripoli government spending controls for 2024 – report and analysis

ADVERTISEMENT

Top Stories

  • CBL reduces annual hard currency transfer limit for individuals

    Libya’s economic reality: limited resources, liquidity challenges, inflation, and need for monetary base restructuring – Husni Bey

    0 shares
    Share 0 Tweet 0
  • Sirte Free Zone discusses port development and infrastructure projects with China Harbor‎ Engineering Company

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

    0 shares
    Share 0 Tweet 0
  • Libya Energy Conference, London, 2 July

    0 shares
    Share 0 Tweet 0
  • Nearly 1 million crimes reported to police stations – confirms urgent need to dissolve all parallel security agencies / militias

    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

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

The Interior Ministry had spent LD 50 billion in 13 years with no result: Acting Interior Minister Trabelsi

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.