Libya’s Ministry of Oil and Gas reported today that it held a meeting yesterday at its Tripoli headquarters to discuss creating an attractive and encouraging investment environment for the sector.
The meeting, it added, was held in implementation of the directives of the Minister of Oil and Gas and included representatives from the Ministry of Oil and Gas, the Ministry of Economy and Trade, and the Privatization and Investment Board (PIB).
The meeting discussed commercial and investment laws regulating the work of foreign investors in the oil and gas sector and explored mechanisms for facilitating procedures to ensure the transfer of advanced technology, increased production levels, and the development of the oil industry.
The progress made in preparing the Investor Guide booklet was also discussed. The booklet will include regulations, laws, benefits, and exemptions for investors, in line with applicable legislation and in the national interest.
