Tunisian Businessmen Looking to Invest in Libyan Oil Sector

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Tunisian Businessmen Looking to Invest in Libyan Oil Sector
Tunisian Businessmen Looking to Invest in Libyan Oil Sector

Tunisian businessmen have confirmed their desire to return to work in Libya, and invest in the country’s oil and gas sector.

This came in a meeting with the Libyan Minister of Oil and Gas, Mohamed Aoun in Tripoli. The meeting was attended by a delegation of businessmen, and owners of oil companies. As well as by the President and members of the Tunisian Chamber of Commerce.

The meeting was held in preparation for the upcoming oil and gas exhibition, which will be held at the Tripoli International Fair, starting Saturday.

They discussed activating the partnership between Tunisian and Libyan private sector companies for integration and participation in entering the African market.

Days ago, Aoun met with the French Ambassador to Libya, Mustafa Maharaj and his accompanying delegation in Tripoli.

Aoun gave a “brief overview of the history of the oil and gas sector, Libyan oil laws, and development, which clarifies the role and tasks of the ministry and its relationship with the National Oil Corporation (NOC) and the institutions of other countries.”

Aoun touched on the development of the oil and gas sector, and the ministry’s plans. He stressed the importance of experienced international companies contributing to the development and exploration of both on and offshore fields, which have yet to be explored.

They discussed benefiting from the experience of the French Institute of Petroleum to contribute to the development of Libyan cadres and the exchange of experience and expertise in the oil and gas sector.

The French Ambassador presented his vision of the prospects for cooperation and contribution to the development of the Libyan oil sector. He pointed to the history of French companies in the Libyan oil sector, exceeding half a century.

Libya has been in chaos since a NATO-backed uprising toppled longtime leader Moammar Gadaffi in 2011. The county has for years been split between rival administrations, each backed by rogue militias and foreign governments.

The current stalemate grew out of the failure to hold elections in December, and the refusal of Prime Minister Abdel-Hamid Dbaiba, who led the transitional government, to step down. In response, the country’s eastern-based Parliament appointed a rival Prime Minister, Fathi Bashagha, who has for months sought to install his government in Tripoli.

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