Libya’s Acting Minister of Oil and Gas, Khalifa Abdel-Sadiq , and the Acting Chairman of the National Oil Corporation (NOC), Masoud Suleiman, met with Shell CEO Wael Sawan to discuss the company’s potential return to Libya’s energy sector.
The meeting took place on the sidelines of the prestigious CERAWeek energy conference in Houston, United States.
The talks focused on opportunities for cooperation in upstream exploration and production projects, as well as downstream activities, including refining and distribution. Both sides highlighted the strategic importance of strengthening partnerships aimed at sustainable development in Libya’s oil and gas industry.
Shell, which had previously suspended most of its operations in Libya due to security and political instability, is now exploring options for reinvestment in the country.
According to Libya’s oil officials, Shell’s potential comeback would mark a significant step toward rebuilding investor confidence in Libya’s energy sector.
The discussions come at a critical time for Libya’s National Oil Corporation. Just last week, the NOC launched its first oil exploration licensing round in more than 17 years, offering 22 onshore and offshore blocks to international energy companies. This move signals a renewed effort by Libya’s government to revive its oil production, which has been severely affected by years of conflict and underinvestment.
Minister Khalifa Abdul Saddek emphasised that Libya is committed to creating a competitive and transparent investment environment, providing international companies with favourable terms and secure opportunities in the Libyan oil and gas market.
