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Libya & Chad Discuss Mining Sector Cooperation

August 3, 2024
Libya & Chad Discuss Mining Sector Cooperation
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On Saturday, a meeting was held in the Chadian capital, N’Djamena, between the Director General of the National Mining Corporation in Libya and the Minister of Energy, Petroleum, and Minerals of the Republic of Chad.

The meeting focused on the deep historical ties and close relations between the two countries, emphasizing the importance of enhancing bilateral cooperation in the mining sector and exploiting mineral resources.

The discussions included proposals for forming joint committees aimed at developing well-structured plans for sustainable cooperation and effective investment in the mining sector, particularly in the Libyan-Chadian border region of Tibesti. This cooperation aims to enhance the mutual benefit from the natural resources of both countries.

At the conclusion of the meeting, plaques of appreciation were presented to the Minister of Minerals and the representative of the Chadian National Company SONAMIC, in recognition of their warm reception and hospitality.

An official invitation was also extended to them to visit Libya to continue discussions on enhancing cooperation and maximizing the benefits from the mineral wealth of both nations.

This meeting reflects the aspirations of the two brotherly peoples for a bright future of constructive and fruitful cooperation, aiming for sustainable development and shared prosperity.

Libya has been in chaos since a NATO-backed uprising toppled longtime leader Muammar Gaddafi in 2011. The county has for years been split between rival administrations.

Libya’s economy, heavily reliant on oil, has suffered due to the ongoing conflict. The instability has led to fluctuations in oil production and prices, impacting the global oil market and Libya’s economy.

The conflict has led to a significant humanitarian crisis in Libya, with thousands of people killed, and many more displaced. Migrants and refugees using Libya as a transit point to Europe have also faced dire conditions.

The planned elections for December 2021 were delayed due to disagreements over election laws and the eligibility of certain candidates. This delay has raised concerns about the feasibility of a peaceful political transition.

Despite the ceasefire, security remains a significant concern with sporadic fighting and the presence of mercenaries and foreign fighters. The unification of the military and the removal of foreign forces are crucial challenges.

Tags: ChadlibyaMining SectorN'Djamena
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