A Business Delegation from the Libyan British Business Council  will visit Tripoli, Zliten and Misurata from 19-23 February 2024 as guests of the Libyan General Union of Chambers of Commerce, Industry and Agriculture.  The LBBC is grateful to British Arab Commercial Bank (BACB) and Bank ABC for their generous support as Gold Sponsors of the business delegation.

Peter Millett, Chairman of the LBBC, will lead the delegation which has the support of the British Embassy and the Department for Business and Trade.  A proud partner with Energy Capital & Power in the organisation of the recent Libya Energy & Economic Summit (13-14 January 2024), the LBBC brings a delegation that includes a number of UK firms offering products and services of value to the Libyan oil industry, including pipelines and associated products, sector supplies, solar power and training consultancy.

On Tuesday, 20 February, the delegation will call on the Board of Directors of the National Oil Corporation (NOC) and the Chairmen of operating companies to discuss the NOC’s plans and identify its requirements for UK goods and services in the hydrocarbon and renewable energy sector.


Notes for Editors:

The call on the NOC will form part of the programme for a business delegation to Libya organised by the LBBC and supported by the BACB and Bank ABC, the delegation’s Gold Sponsors.  Delegates will be drawn from the LBBC’s member companies and will represent a range of sectors.  On this occasion, they will visit Tripoli, Zliten and Misurata.

Libya is a major producer of oil and gas with the largest oil reserves in Africa.  It is the second largest producer in Africa and it produces light, sweet (low sulphur) crude oil which is ideal for refining.  Italy is a major customer for Libyan gas, supplied through a pipeline across the Mediterranean.  Hydrocarbons represent over 70% of Libya’s exports and 98% of government revenues.

The NOC is Libya’s national oil company which leads the production and development of Libya’s hydrocarbon sector, partnering in some fields with international oil companies (IOCs) and potentially in the development of marginal fields, with the Libyan private sector.  The NOC has also begun to develop renewable energy resources.

The Libya Energy & Economic Summit (https://libyasummit.com) was a significant event in Libya’s energy calendar and was organised by Energy Capital & Power under the auspices of the Government of National Unity, the NOC and the Renewable Energy Authority of Libya (REAOL).  The LBBC was a partner, sponsors included LBBC members Bank ABC and Conoco Phillips and speakers included senior figures from Bank ABC and LBBC member Eltumi Partners.

The LBBC is a non-political membership organisation established in 2004 to promote business and trade between the UK and Libya.  It provides business information to its 100+ British and Libyan member companies, organises networking events in the UK and business delegations to Libya (both Tripoli and Benghazi) and provides a range of services to its members.

For further information contact: events@lbbc.org.uk