Tuesday, October 7, 2025
LibyaReview
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
LibyaReview
No Result
View All Result
Home Economy

Algeria to Resume Oil Projects in Libya

January 3, 2022
Share on FacebookShare on Twitter

On Monday, the Algeria news agency quoted Taoufik Hakkar, the General Manager of the Sonatrach oil company as saying that they are preparing to resume their suspended oil projects in Libya.

Hakkar added that the company is working with its partners in Libya to ensure the security and safety of workers and equipment.

He stated that visits will be organized before the end of February, to negotiate the company’s return to Libya. As well as adding that the company will invest about $40 billion dollars from 2022 to 2026.

During his participation in the Algeria-Libya Economic Forum in May 2021, Hakkar claimed that Sonatrach is “fully prepared to develop distinguished relations with our Libyan partner to lay the foundations of a win-win economic partnership for both sides, and to develop the oil and gas industries in the two countries.”

Sonatrach is an Algerian state-owned oil company, which has diversified its activities to include all aspects of production, exploration, extraction, transportation, and refining. As well as diversifying into petrochemical and seawater desalination activities.

  • About Us
  • 218 News: Syrian Mercenaries Sent Back to Turkey from Libya
  • Turkey Prepares to Send an Extra 150 Syrian Mercenaries to Libya
  • Italian Foreign Minister to Visit Libyan Cities on Monday
  • “Al-Sarraj to Visit Malta on Monday”
Tags: algerialibyaLibyan OiloilOil Projects
Next Post

Libya’s Oil Output Drops by 500,000

POPULAR CATEGORIES

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

MUST READ

Libya & France Strengthen Military Ties in Benghazi

Libya’s Electoral Commission Resumes Municipal Elections

Libya Launches Major Expansion at Sebha Airport

Libya to Assign New Head for Electoral Commission

Libya Seeks Closer Ties With UK to Stop Migrant Flows

Libya’s NIHRL Calls on Lebanon to Free Hannibal Gaddafi

EDITOR PICKS

Libya’s Misrata Port Joins World’s Top 20 Ports in 2025

Libya’s Benghazi University Leads QS Arab Rankings for 2025

Libya Restores Storm-Damaged Ancient Site in Shahat

Libya Blames Lebanon for Hannibal Gaddafi’s Health Decline

Court Rejects PM Dbaiba’s Plan to Merge Tawergha Into Misrata

Libyan MP Accuses Dbaiba’s Government of Deepening National Division

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR

No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR