Latest news with #HillInternational
Libya Observer
3 days ago
- Business
- Libya Observer
Boulos reveals upcoming signing of 2 new deals by Libya's NOC and US energy firms
US President Donald Trump's advisor for African affairs, Massad Boulous, has revealed that two new agreements are expected to be signed between Libya's National Oil Corporation (NOC) and American energy companies, in a move 'aimed at boosting energy cooperation between the two countries.' In a video statement published by the US embassy in Libya on its Facebook page Friday, Boulos explained that a Memorandum of Understanding is expected to be signed between the NOC and the American company ExxonMobil. He also pointed to another agreement in the final stages of preparation between the partners of Libya's Waha Oil Company—including the American firm ConocoPhillips—for the development of Waha oil fields, with investments worth millions of dollars. Boulos said the agreement 'will enable exploratory studies in offshore gas zones, enhancing Libya's capabilities in the energy sector.' Boulos visited Tripoli last Wednesday, where he met with Prime Minister Abdulhamid Dbeibeh, who presented a $70 billion economic partnership proposal between the two countries. He also met with Presidential Council Chairman Mohamed Menfi, and later attended the signing ceremony of an agreement between Mellitah Oil and Gas Company and the American firm Hill International at the NOC headquarters in Tripoli. In a statement published by the US embassy in Libya on Facebook, Boulos said: 'I was honored to join the National Oil Corporation and Hill International in Tripoli for the signing of a major $235 million infrastructure agreement. This partnership supports the NOC's efforts to modernize and boost gas production and exports.'
Libya Observer
5 days ago
- Business
- Libya Observer
US advisor confirms $235m Libya infrastructure deal
A senior advisor to US President Donald Trump has confirmed the signing of a $235 million infrastructure agreement between Libya's Mellitah Oil and Gas Company and American firm Hill International Masad Boulos, the President's advisor for African affairs, described the deal as a significant step to support Libya's energy infrastructure during a ceremony at the National Oil Corporation (NOC) headquarters in Tripoli on Wednesday 'I was honoured to join the NOC and Hill International in Tripoli for the signing of a major $235 million infrastructure agreement,' Boulos said, in remarks published by the US Embassy in Libya He said the partnership is aimed at modernising Libya's energy sector and boosting gas production and exports During his visit, Boulos met with acting NOC chairman Masoud Suleiman, who presented the company's strategy to maintain current oil and gas production levels and increase output to two million barrels per day by 2030 In a statement, the NOC said the meeting also touched on Libya's petrochemical industry and the corporation's role in supporting economic stability Boulos also met with Prime Minister Abdulhamid Dbeibeh, who presented a proposal for an economic partnership between Libya and the United States valued at approximately $70 billion. Tags: Libya US economic ties
Zawya
6 days ago
- Business
- Zawya
Libya's Mellitah Oil and Gas to work with U.S. firm Hill International on gas project
TRIPOLI: Mellitah Oil and Gas will work with U.S. construction consulting firm Hill International to manage a project which aims to boost Libya's gas output, the country's National Oil Company (NOC) said in a statement on Wednesday. NOC said a cooperation agreement was signed during a visit by U.S. President Donald Trump's senior adviser for Africa, Massad Boulos, to Tripoli. Launched by Mellitah Oil and Gas, a joint venture between NOC and Italy's Eni, "Structures A&E" is a strategic project that aims to increase local gas production and ensure exports to Europe, according to Eni. It involves the development of two gas fields located offshore Libya. Combined gas production will start next year and eventually reach 750 million cubic feet per day. Overall investment for the project is estimated to total $8 billion, Eni said earlier. Boulos also met Libya's internationally-recognised Prime Minister Abdulhamid Dbeibah, according to a statement from the prime minister's office. Dbeibah said his government was committed to building economic partnerships with Washington to open the way for U.S. companies to participate in development and investment projects in Libya. Dbeibah's team delivered a presentation on Libya's strategic economic partnership projects, which are valued at approximately $70 billion and include investor-ready projects in the energy, minerals and electricity sectors among others. (Reporting by Ahmed Alumami; Writing by Menna Alaa El-Din; Editing by Kirsten Donovan)
Libya Review
6 days ago
- Business
- Libya Review
Libya & US Sign Offshore Agreement to Expand Energy Cooperation
On Wednesday, Libya's Mellitah Oil & Gas Company signed a strategic agreement with US-based Hill International, in a move aimed at strengthening the country's offshore energy infrastructure and reviving international investment interest. The agreement was signed in Tripoli at the headquarters of Libya's National Oil Corporation (NOC) during the first official visit to the country by Massad Boulos, senior Middle East advisor to US President Donald Trump. The partnership focuses on managing and developing two major offshore platforms, known as A and E. These projects are expected to enhance natural gas output and modernize offshore operations, an important step toward increasing Libya's energy production and diversifying technical partnerships. During the meeting, NOC Chairman Masoud Suleiman outlined Libya's long-term strategy to gradually raise oil production to 2 million barrels per day by 2030. He reaffirmed the NOC's central role in rebuilding the economy and attracting global partners, especially in petrochemicals and infrastructure. Boulos, who has close ties to US business and political circles, voiced strong support for Libya's energy sector and described the NOC as a stabilizing force for the country. His visit, the first of its kind, highlights a renewed US interest in supporting Libya's economic recovery through private-sector collaboration. Mellitah Oil & Gas, a joint venture between the NOC and Italy's Eni, is one of Libya's most important operators, responsible for both offshore and onshore assets, including the Western Libya Gas Project. That project supplies natural gas to Europe via the Greenstream pipeline, making it a cornerstone of regional energy security. Hill International brings decades of global experience in engineering and project management. Its entry into the Libyan market represents a vote of confidence in the country's stability and potential for growth. The agreement is seen as a milestone in rebuilding Libya's energy infrastructure and strengthening US-Libya cooperation after years of disruption. Tags: AgreementCooperationEnergyHill Internationallibyaus
Libya Herald
6 days ago
- Business
- Libya Herald
Mellitah Oil and Hill International sign projects management agreement in presence of Trump's Africa Advisor Boulos
A cooperation agreement was signed in Tripoli today between Mellitah Oil and Gas Company and US company Hill International to project manage offshore platforms A and E, the expansion of the Mellitah complex and the integrated development project for carbon dioxide management. The agreement was signed after Masoud Suleiman Masoud, Chairman of the National Oil Corporation (NOC), received Massad Boulos, Advisor to US President Donald Trump for Africa Affairs, who had begun today a first-of-its-kind visit to Libya. The meeting reviewed the NOC's strategy to maintain Libya's crude oil and natural gas production rates and work to increase oil production relatively to reach 2 million barrels per day by 2030. The meeting also touched on the existing petrochemical industries in Libya. The importance of supporting the NOC for its important role in achieving economic stability in Libya was also discussed. It will be recalled that Hill International used to project several projects prior to Libya's February 2011 revolution that ended the Qaddafi regime. It is currently managing the Tripoli Third Ring Road project.
