Washington welcomes gas MoU between Libya's NOC and America's ExxonMobil
The embassy said that the partnership would benefit not only the Libyan partners but also 'the American people and the US long-standing oil and gas industry.'
The agreement comes at a critical time as Libya seeks to boost its energy production and attract foreign investment to develop its untapped resources—particularly in the gas sector, which is gaining increasing global importance.
In its statement, the embassy expressed its satisfaction 'to see growing commercial partnerships that advance the prosperity of both the United States and Libya,' signaling a path for broader economic cooperation in the future.
The NOC signed the MoU with ExxonMobil on Monday evening in the British capital, London. According to the NOC, the memorandum outlines plans for ExxonMobil to conduct detailed technical studies on four offshore blocks near Libya's northwestern coast and the Sirte Basin. The goal is to assess potential hydrocarbon resources through advanced geological and geophysical studies.
It is worth noting that ExxonMobil had previously expressed strong interest in participating in the NOC's latest licensing round, which offered 22 offshore and onshore blocks for investment. Tags: US Embassy ExxonMobil National Oil Corporation
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