Libya’s National Oil Corporation (NOC) has discussed the possibility of dutch oil giant, Shell contributing to the development of fields and refineries. As well as increasing its activity in the marketing of Libyan crude.
The NOC’s Chairman, Mustafa Sanalla and Shell officials held an expanded meeting at the Corporation’s headquarters in Tripoli, on Monday.
The NOC said in a statement that Sanalla welcomed resuming cooperation with Shell, given its long history in Libya, and it being one of the largest hydrocarbon companies in the world.
“The two sides discussed the development of the oil and gas industry in Libya, the development of refineries and renewable energy projects, and assistance in projects to increase the storage capacity of oil reservoirs,” the statement added.
Sanalla said that “the situation has become better now in Libya with the presence of the Government of National Unity (GNU),” stressing that “the conditions are ripe for Shell’s activity to resume.”
“Shell officials said Libya is a promising market and one of the most important countries that the company is looking to open the door to partnership with through the National Oil Corporation,” the statement concluded.