Friday, November 7, 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

US Reaffirms Support for Libya’s Oil Sector

January 30, 2025
US Reaffirms Support for Libya’s Oil Sector

US Reaffirms Support for Libya’s Oil Sector

Share on FacebookShare on Twitter

The Acting US Ambassador to Libya, Jeremy Berndt, has emphasized that Libya’s National Oil Corporation (NOC) must remain independent and transparent to sustain and expand oil production.

He added that the NOC is a key partner for the United States, and its integrity is essential to ensuring that Libya’s vast energy resources benefit its people.

Berndt’s remarks came after a meeting in Tunis with NOC Chairman Masoud Suleiman, where they discussed strengthening US-Libya cooperation in the energy sector.

For his part, Suleiman confirmed that Libya’s oil production had reached 1.4 million barrels per day, a significant milestone. Talks focused on expanding collaboration with US energy firms, ensuring sustainable oil output, and driving economic growth.

As part of ongoing US engagement in Libya’s energy sector, Solar Turbines, a US-based company, recently introduced a training program for NOC employees and affiliated companies.

This initiative aims to improve technical expertise, enhance maintenance operations, and modernize Libya’s oil infrastructure. The investment in training and workforce development highlights a strategic effort to strengthen Libya’s oil production capacity, a crucial driver of the country’s economy.

Despite these advances, Libya’s oil sector remains vulnerable to political interference, labor protests, and security threats. Just days before the Tunis meeting, demonstrators at Sidra and Ras Lanuf oil terminals raised concerns about potential disruptions, prompting NOC leadership to engage in negotiations.

The NOC later reassured stakeholders that all oil operations were continuing normally, but the risk of production shutdowns due to political instability remains a significant challenge.

Libya, home to Africa’s largest proven oil reserves, relies on crude exports for over 95% of government revenue.

However, since the 2011 downfall of Muammar Gaddafi, the industry has been plagued by shutdowns, blockades, and disputes over revenue control between rival factions in the east and west. While recent political stability has helped restore production, experts warn that sustained growth will require depoliticizing the oil sector, securing energy infrastructure, and attracting long-term investment.

Libya’s oil industry is at a crossroads, with rising production and stronger international partnerships creating optimism. However, sustained success will depend on keeping the NOC independent, securing oil fields, and ensuring that revenues are managed transparently.

Tags: libyanocOil SectorusUS embassy
Next Post
Abdul Hamid Dbaiba, Libya's Prime Minister of the interim Government of National Unity.

Italian Expert: Dbaiba’s Exit Could End Libya’s Political Deadlock

POPULAR CATEGORIES

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

MUST READ

Hannibal Gaddafi Released After Decade in Lebanese Custody

Egypt Reaffirms Support for Libyan-Led Political Solution

Greece Blocks Asylum for Migrants Crossing from Libya

Libya to Host Africa International Gas Forum 2025

Libya Records 60% Growth in Inbound Tourism in 2025

Libya Expands Educational Support for Displaced Sudanese

EDITOR PICKS

Iraq Repatriates 150 Migrants from Libya

Libya Expands Educational Support for Displaced Sudanese

Libya to Host Africa International Gas Forum 2025

Hannibal Gaddafi Released After Decade in Lebanese Custody

Egypt Reaffirms Support for Libyan-Led Political Solution

“IOT MISR” Reports Strong Expansion in Libya’s Tech Market

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

© 2024 LR

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

© 2024 LR