Tripoli based Libyan Prime Minister, Abdel Hamid Aldabaiba met in Tripoli yesterday a delegation representing several investment and energy companies from Oman. The meeting discussed strategic investment partnership opportunities between the two countries and prospects for cooperation in the energy sector and priority economic projects.
The meeting witnessed the signing of a memorandum of understanding between the Libyan Investment Authority (LIA) and the Omani OQ Group, aimed at exploring investment and cooperation opportunities in the Libyan market. The MoU aims to support efforts to diversify the national economy and attract quality investments, particularly in the fields of clean energy and strategic value-added projects.
OQ, formerly known as Oman Oil Company, is an energy investment company headquartered in Muscat, Oman. It is a wholly owned subsidiary of the Government of Oman through the Oman Investment Authority state-owned enterprise.
The two sides also discussed opportunities for cooperation in the oil, gas, and renewable energy sectors, and the possibility of developing joint projects that contribute to the transfer of expertise and the expansion of economic partnerships between the two countries. This aligns with the government’s direction towards promoting sustainable development and increasing the investment sector’s contribution to supporting the national economy.
The meeting was attended by Oil and Gas Minister Khalifa Abdel Sadig, Minister of State for Prime Minister and Cabinet Affairs Mohammed bin Ghalbon, Head of the Executive Team for PM’s Initiatives and Strategic Projects Mustafa Al-Mana, Chairman of the Libyan Investment Authority Ali Mahmoud, along with the CEO of OQ Group Ashraf bin Hamad Al-Maamari, CEO of Abraaj Energy Services Saif bin Saeed Al-Hamhami, and several senior executives from the group and its subsidiaries.
