Friday, June 27, 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

Libya Discusses Resuming Work with Brazilian Companies

March 3, 2022
Share on FacebookShare on Twitter

On Tuesday, Libya’s Minister of Economy, Mohamed Al-Hwaij held a meeting with several Brazilian companies interested in resuming their projects in Libya.

Al-Hwaij told the consortium, that Libya government is seeking to resume work on all suspended projects.

“The government seeks to implement other projects in the fields of renewable energy, hydrocarbons, and transportation. As well as to establish free and private zones, to stimulate transit trade,” the minister said.

“The Libya government plans to develop the infrastructure to support the national economy,” he added.

Libya fell into chaos after a NATO-backed uprising toppled long-time leader, Muammar Gaddafi in 2011.

The North African country is seeking to rebuild, after a decade of civil war. Several international forums were launched to discuss reconstruction. It is likely that the lion’s share of these projects will go to Egypt, Italy, and Turkey.

Earlier, Al-Hwaij said his ministry is looking forward to implementing the government’s plan for the reconstruction and development of the oil, energy, and investment sectors.

“The government is working to activate contracts and agreements in the fields of development and reconstruction, and to implement investment projects according to current priorities,” he said.

“About 70% of oil revenues should be used for development, infrastructure development, and the implementation of investment projects in order to achieve the desired goal,” he concluded.

Recently, Halliburton’s North Africa Director, Ahmed Helmy said that the company aspires to resume its operations in the Libyan oil sector.

Helmy held a meeting in Tripoli, with the Chairman of Libya’s National Oil Corporation (NOC), Mustafa Sanalla. He stated that Halliburton will work to provide solutions and consultations to resolve all the bottlenecks facing the Libyan oil industry.

  • Libyan Interim Government PM Stresses Need to Plan 2021 Projects
  • Al-Sarraj Discusses Returning of Turkish Companies In Libya
  • Turkey To Provide Electricity To Libya
  • Sisi-Ramaphosa Discuss Libyan Developments
  • Putin-Macron-Merkel Discuss Libya Developments
Tags: BrazilBrazilian CompaniesEconomy MinisterlibyaMohamed al Hwaij
Next Post

Libya Begins Servicing Oil Wells to Boost Production

POPULAR CATEGORIES

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

MUST READ

Libyan Security Forces Arrest 77 Drug Dealers

UK Denies Embassy Convoy Was Targeted in Armed Attack in Libya

Libya Signs 98 Cooperation Deals with Italian Companies in Benghazi

Libya & Russia Launch Economic Forum to Expand Strategic Cooperation

Libyan Militia Tried to Block Rescue of Migrants

Greece Accuses Libya & Turkey of Breaching International Law

EDITOR PICKS

EU Border Assistance Mission in Libya Extended Until 2027

EU Seeks ‘New Phase’ of Migration Cooperation With Libya

Libyan Militia Tried to Block Rescue of Migrants

Libyan Protesters Call for Anti-Corruption Rally in Tripoli

Libya Signs 98 Cooperation Deals with Italian Companies in Benghazi

Libya & Russia Launch Economic Forum to Expand Strategic Cooperation

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

© 2024 LR

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

© 2024 LR