Libya’s eastern based Arabian Gulf Oil Company (AGOCO) reported yesterday that Austrian energy company OMV officially opened its new Benghazi office yesterday.
AGOCO said the opening coincided with the holding of an expanded meeting of the Joint Assets Steering Committee, which includes representatives from the National Oil Corporation (NOC), AGOCO, and OMV.
The opening ceremony and meeting were attended by:
– Ahmed Ammar, Board Member of the National Oil Corporation.
– Mohamed Belkacem Ben Shatwan, Chairman of AGOCO.
– Roland and Mr. Jumaa Shita, OMV Office Managers in Tripoli.
– Yousef Radu and Wanees Najm, Joint Assets Team Managers.
– Kevin, OMV Asset Manager.
– Department managers from AGOCO.
AGOCO reported that the meeting included a comprehensive review and extensive discussions focused on operational and development plans, most notably:
– Performance Monitoring: Presentation of the current activities of the Joint Assets Team and evaluation of current completion rates.
– Future Plans: Discussion of the upcoming work strategy and setting of technical and logistical targets.
– Production Development: Exploring mechanisms for developing Contract Area (91) to ensure increased production efficiency, utilization of available resources, and enhanced cooperation among partners.
In his remarks during the meeting, AGOCO Chairman Ben Shatwan, welcomed the partners and attendees to Benghazi, emphasizing that the opening of this office comes amidst the tangible security stability and reconstruction boom the city and region are witnessing, providing an attractive and favourable environment for foreign investment and the development of vital projects.
AGOCO said the opening of the new OMV office in Benghazi represents a positive strategic step towards strengthening direct communication, overcoming obstacles, and accelerating the pace of implementation of joint oil projects in the region, serving the interests of the national energy sector.
