The National Oil Corporation (NOC) has called on its affiliated companies to accelerate projects aimed at increasing gas production to meet the demands of major consumers.
On Monday, the NOC’s Gas Department held an extensive meeting at its Tripoli headquarters with representatives from key gas-producing companies, including Mellitah, Waha, Sirte, Sarir, Zueitina, and Zallaf.
During the meeting, the Director of the Gas Department emphasized the importance of implementing projects that contribute to increased gas production to meet the energy needs of major consumers. He stressed the necessity of coordination and collaboration among sector companies to complete strategic projects and achieve the gas production targets set for 2025.
Several companies presented technical briefings during the session, highlighting their gas production activities, future forecasts, and challenges hindering the achievement of their objectives.
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.
