Building Business Bridges with Libya’s National Oil Corporation

The Libyan British Business Council hosted a major event in Tunis on the 22-23 October – Building Bridges Together – with business representatives from Libya and the United Kingdom.

This is part of an ongoing dialogue between the LBBC and Libyan companies. One of the key priorities was to reinforce the strong relations between the LBBC and the National Oil Corporation of Libya (NOC) following the successful meeting in Aberdeen on 8 May 2018.

That meeting recognised the mutual benefit to both Libya and the UK from enhanced co-operation in the development of Libya’s Oil and Gas Industry. Priority areas include technical training, advanced technology, restoring production at damaged sites and mature field management to maintain the NOC’s successful record of increasing Libya’s oil production to over 1.2m barrels a day.

The Chairman of the LBBC Sir Vincent Fean said:

“The many meetings over the last couple of days highlighted strong links that have been established between the UK’s oil production, services and education and training companies with the NOC and its operating companies. I am delighted to see some practical and constructive results from these meetings, cementing lasting partnerships – a genuine win-win.”

The Chairman of the NOC, Mustafa Sanalla commented:

“The meetings in Aberdeen, in May, and this week in Tunis, have shown that the UK is a key partner for Libya in boosting oil production. I welcome the LBBC’s efforts and look forward to further progress in building and strengthening this partnership.”

The LBBC looks forward to further meetings with the NOC in 2019.

LBBC Secretariat

Click here to read the STATEMENT OF INTENT (English version) between the NOC and the LBBC, signed by NOC Chairman Sanalla and LBBC Chairman, Sir Vincent Fean.