Austria’s energy company OMV officially inaugurated its new office in Benghazi during a ceremony held at the Zouh Benghazi Tower, marking a new step in expanding cooperation within Libya’s oil and gas sector.
The opening coincided with an expanded meeting of the steering committee for the Joint Assets Team, which includes representatives from Libya’s National Oil Corporation, the Arabian Gulf Oil Company and OMV.
The event was attended by Ahmed Ammar, member of the Board of Directors of the National Oil Corporation, and Mohamed Belgassem Ben Shatwan, chairman of the management committee of the Arabian Gulf Oil Company. Senior OMV officials, including Roland and Jumaa Shita, directors of the company’s Tripoli office, also participated alongside asset managers Youssef Rado, Wanes Najm and Kevin, as well as several department directors from the Arabian Gulf Oil Company.
During the meeting, participants reviewed operational activities and assessed current performance rates within the Joint Assets Team. Discussions also focused on future development strategies, technical targets and logistical priorities aimed at improving efficiency and accelerating project implementation.
A major part of the talks centred on the development of Contract Area 91, with officials examining ways to enhance production capacity, maximise available resources and strengthen coordination between the involved partners.
Speaking during the meeting, Mohamed Belgassem Ben Shatwan welcomed the participants to Benghazi and said the opening of the new OMV office reflected the growing stability witnessed in the city and the wider eastern region of Libya.
He added that the ongoing reconstruction and economic activity in Benghazi had created a more attractive environment for foreign investment and major energy projects.
The inauguration of OMV’s new office is viewed as a strategic step aimed at improving direct communication between partners, reducing operational obstacles and accelerating the implementation of joint oil projects in eastern Libya.
Libya’s oil sector has recently witnessed increased activity as the National Oil Corporation seeks to attract foreign investment and raise production levels across several strategic fields and exploration zones.