Thursday, June 5, 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 Pilgrim Dies in Makkah During Hajj

IOM: 300 Migrants Returned to Libya in a Week

Greece Eyes Libya Cooperation to Block Boats from Eastern Coast

Benghazi Airport to Open in 2026

Saddam Haftar Attends French-Led Mediterranean Military Summit

Haftar: Libyan National Army Ready to Facilitate Elections

EDITOR PICKS

Libya’s Al Mnifi & UN Envoy Urge Respect for Tripoli Ceasefire

UN Set to Launch Nationwide Survey on Libya’s Political Future

285 Migrants Arrested in Libya’s Al-Jufra

Schlumberger & Sirte Oil Plan New Drilling Projects in Libya

UN Slams Libya over Abuse in Tripoli Detention Sites

Egypt & UAE Reaffirm Commitment to Libyan Stability

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

© 2024 LR

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

© 2024 LR