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Home Business

Tripoli PM ‎Aldabaiba follows up on the return of American companies to the oil sector

American companies, led by ConocoPhillips, intend to participate in Libya’s oil projects

bySami Zaptia
May 24, 2024
Reading Time: 2 mins read
A A
GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU

(GNU).

American oil companies, led by ConocoPhillips, intend to participate in Libya’s future oil projects.

‎The news was reported by the Tripoli Libyan government after Tripoli based Libyan Prime Minister, ‎Abd Alhamid Aldabaiba, followed up, Wednesday (22 May), on the results of the visit of the Acting Minister of Oil and Gas, Khalifa Abdel Sadig, to the United States.

Abdel Sadig had held meetings during his U.S. visit with major U.S. oil and gas companies.

Increasing oil and gas production to 2 million barrels/pd
Aldabaiba also followed up on the ministry’s plan for the return of major American companies operating in the oil and gas sector and increasing their activity within ‎Libya in order to contribute to the National Oil Corporation’s (NOC) plan to raise oil and gas production to 2 million barrels.‎

‎ConocoPhillips to visit Tripoli
Abdel Sadig stressed that American companies, led by ConocoPhillips, intend to participate in the projects and explorations that the NOC intends to offer, and the company’s desire to visit and meet with the Prime Minister to present its vision on expanding its activity inside Libya.‎

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The follow up meeting by Aldabaiba with Abdel Sadig is also revealing in that it still confirms Aldabaiba still considers Abdel Sadig as the Acting Oil and Gas Minister – and not the suspended Mohamed Aoun.

See here for comment.

 

 

Presidency Council head Menfi strikes down NC7 Hamada oilfield deal with foreign consortium as burden on the state (libyaherald.com)

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Aldabaiba forms technical committee to examine controversial NC7 Hamada oil deal – must report by 30 January (libyaherald.com)

Controversial NC7 Hamada field development must go ahead: Aldabaiba (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)

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)

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)

 

 

Tags: Abd Alhamid aldabaiba pm GNU Government of National UnityActing Oil Minister Khalifa Abdel Sadig April 2024America AmericanConocoPhillipsUS U.S. United States USA

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