The President of the Libyan General Union of Chambers of Commerce, Industry, and Agriculture, Mohamed Al-Raed met with the Czech Deputy Foreign Minister, Jan Mariani on Thursday. Their discussions centered on rejuvenating and advancing economic and political ties between the two nations, and boosting engagement with the Libyan market.
The focus was on fostering an exchange of goods, expertise, and knowledge in various economic domains. The discussions took place at the ministry’s headquarters, as part of an official tour for a delegation from the General Union to Czechia.
The meeting encouraged Czech companies and businesspeople to visit Libya and explore investment opportunities in infrastructure, iron and steel, energy sectors, and other areas of mutual interest.
Days ago, Libya’s High Council for Energy Affairs discussed the National Oil Corporation’s (NOC) plan to increase oil and gas production.
The Supreme Council of Energy is chaired by Prime Minister, Abdel-Hamid Dbaiba. The Council includes the Minister of Oil and Gas, the Chairman of the NOC, the Governor of the Central Bank of Libya (CBL), the Head of the Audit Bureau, the Ministers of Planning, Finance, Economy and Trade, the Chairman of the Renewable Energy Agency, and Chairman of the General Electricity Company of Libya (GECOL).
The meeting reviewed the ongoing projects in subsidiaries, and international partnerships with international houses of expertise in gas exploration, alternative energy, and the fight against carbon emissions.
Dbaiba praised the “efforts of workers in the oil sector to revive a number of stalled projects implemented through local competencies. Most important of these stalled projects is the maintenance of the Mellitah complex, and the operation of the Ras Lanuf complex, which has been suspended for years.”
The meeting affirmed the need to “unify the efforts of all state institutions in the oil and gas sector, in order to increase oil and gas production, and develop cooperation and partnership with international companies.” The council also confirmed the need to “increase disclosure and transparency of all operational and supply expenses.”