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US Seeks to Enhance Energy Cooperation with Libya

February 5, 2023
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The Regional Spokesman for the US Department of State, Samuel Warburg explained the US’s interest in economic and oil cooperation with Libya. He referred to Washington’s demand for a mechanism to manage oil revenues.

Warburg indicated that the “priority now is to achieve Libyan aspirations to have a transparent management of oil revenues.” He stressed that the mechanism “must include an agreement on expenditures that gain priority over transparency measures and steps to ensure oversight and accountability.”

He confirmed the readiness of the United States to “provide technical assistance if there is a request from the Libyan parties to help establish a mechanism of this kind.”

Last month, the US Special Envoy to Libya, Richard Norland said that “the existence of a clear roadmap towards free, fair, and inclusive elections represents the best path forward to ensure a stable, united, and sovereign Libya.”

Norland affirmed the importance of securing long-term peace and stability, describing it as the “key to achieving economic prosperity for the benefit of all Libyans.” He participated in a meeting for the US-Libya Business Association members on 26 January in Washington DC. They reviewed recent political and economic developments affecting US-Libyan relations.

The Association expressed its thanks to the Bureau of Near Eastern Affairs of the US Department of State, and the US Embassy in Libya for their efforts to support US companies operating in Libya.

In October, a US delegation headed by the Chargé d’Affairs, Leslie Ordman, and the President of the Libyan American Chamber of Commerce, Debbie Hurst met with the Vice President of the Libyan American Chamber of Commerce, Ahmed Al-Ghazali.

Representatives of US companies in Libya also participated in the meeting. They discussed ways to attract other American companies to enter the promising Libyan market.

Al-Ghazali described the meeting as “fruitful, as a group of topics related to the work of American companies in Libya and ways of attracting other American companies to the Libyan market were discussed.”

He added that the Libyan government is “willing to cooperate to overcome obstacles facing American companies operating in Libya.”

Tags: libyaLibyan EnergySamuel Warburgunited states
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