Saturday, July 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 Libya

Algeria’s Sonatrach Resumes Operations in Libya

November 7, 2023
Share on FacebookShare on Twitter

Sonatrach, Algeria’s national oil company is set to revive its exploratory operations in Libya, signalling a significant return to the country, after a protracted period of inactivity.

A distinguished delegation from Sonatrach is slated to visit the National Oil Corporation (NOC) in Tripoli, to formalise the resumption of operations.

This strategic move will reactivate Sonatrach’s exploration ventures, focusing on two key plots, blocks (065) and (96/95), in the prolific Ghadames Basin.

The reinstatement follows Sonatrach’s announcement of its lifting of the force majeure, a declaration that typically suspends obligations due to extraordinary events. This echoes the NOC’s call to global energy firms to re-engage with Libya’s oil and gas sector.

The discussions between the two parties are expected to yield fortified bilateral partnerships, and collaborative efforts aimed at enhancing both Algeria’s and Libya’s standings in the global energy market. By revitalising these exploratory activities, the countries aim to capitalise on mutual benefits, such as increased resource production, technological advancement, and the deepening of North African energy alliances.

This encouraging development underlines a period of recovery and cooperation in the Libyan energy sector, as well as the broader North African region. The resumption of operations by Sonatrach is more than an economic gesture—it is a testament to the region’s resilience and commitment to overcoming challenges, and fostering sustainable economic progress.

Notably, the NOC declared that a number of global oil corporations have lifted their respective force majeure, indicating a restart of their Libyan operations.

Specifically, Italy’s energy heavyweight Eni and the UK’s British Petroleum have given official notifications to the NOC about their intent to resume exploration activities and meet their contractual obligations in both the Ghadames Basin and the offshore “C” block.

These positive developments follow the NOC’s invitation last December, urging international oil and gas corporations with signed agreements to lift any imposed force majeure, due to previous instabilities.

Tags: algerialibyanocSonaTrachtripoli
Next Post

Libya Deports 600 Illegal Egyptian Migrants

POPULAR CATEGORIES

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

MUST READ

Will Tobruk Become China’s New Access Point to Europe & Africa?

Will Libyan Parliament Ratify Maritime Border Deal with Turkey?

Led the Protests Against Dbaiba & Ended up Dead. Who is Abdul Moneim Al-Mariami?

US Official Urges End to Libya’s Prolonged Transition

Ageela Saleh & Egyptian President Dicsuss Libya’s Unity & Political Solution

Benghazi Set to Host Barcelona for Historic Friendly Match

EDITOR PICKS

Libya Launches First Air Quality Monitoring Station in Kufra

Benghazi Set to Host Barcelona for Historic Friendly Match

UN Demands Full Inquiry Into Death of Libyan Activist in Detention

Ageela Saleh & Egyptian President Dicsuss Libya’s Unity & Political Solution

Led the Protests Against Dbaiba & Ended up Dead. Who is Abdul Moneim Al-Mariami?

Italy Strengthens Tech Exports to Libya

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

© 2024 LR

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

© 2024 LR