Latest news with #KhalifaAbdulSadiq
Libya Observer
4 days ago
- Business
- Libya Observer
Libya, Saudi Arabia discuss cooperation in gas projects and training
Libyan Oil Minister, Khalifa Abdul Sadiq has discussed with his Saudi counterpart, Prince Abdulaziz bin Salman, during a meeting on the sidelines of the OPEC symposium, ways to enhance cooperation on gas development projects in Libya and tapping into Aramco's expertise. The meeting also addressed mechanisms for updating the joint vocational training plan, details of which are scheduled to be announced soon, as part of efforts to build qualified national cadres to contribute to the development of the oil and gas sector. The two ministers emphasized the importance of strengthening relations between the two countries and opening new horizons for integration in the energy sector, in a way that enhances common interests and serves the stability of regional and international energy markets. Economy Tagged: Ministry of Oil and Gas Saudi Arabia
Libya Observer
4 days ago
- Business
- Libya Observer
Oil Minister reviews entry of America's Chevron into Libyan market
The Acting Minister of Oil and Gas in the Government of National Unity, Khalifa Abdul Sadiq, held a meeting with a high-level delegation from US energy giant Chevron to discuss opportunities for cooperation and investment in the oil and gas sector and the company's potential entry into the Libyan market. The meeting was held on Thursday on the sidelines of Abdul Sadiq's participation, along with his accompanying delegation, in the 9th International Seminar of the Organization of the Petroleum Exporting Countries (OPEC) at the organization's headquarters in Vienna, Austria. According to a statement by the Ministry of Oil and Gas on its Facebook page on Friday, the meeting focused on Chevron's possible entry into the Libyan market, in line with the ongoing improvement in the investment climate and the return of several major international companies to operations in Libya. The ministry added that the discussions reviewed potential steps for cooperation in supporting the objectives of the Ministry of Oil and Gas and the National Oil Corporation (NOC) to increase production rates and develop infrastructure in the sector. It noted that the meeting falls within the ministry's efforts to strengthen partnerships with major global companies, with the aim of developing the sector, creating sustainable investment opportunities, and reinforcing Libya's position as a reliable energy supplier in global markets. Chevron's delegation included Joe Cook, Director of Exploration and Production; Mamadou Beye, Regional Vice President for Corporate Affairs; and Jan Curtis, Head of Regional Affairs for the Mediterranean and North Africa.
Bloomberg
03-03-2025
- Business
- Bloomberg
Libya Launches First Oil Exploration Tender Since Civil War
Libya launched its first tender for energy exploration since before the 2011 civil war, as the OPEC member seeks to lure back oil and gas majors following years of political instability and production shutdowns. Oil Minister Khalifa Abdul Sadiq announced the bidding round Monday, saying it is the first in more than 17 years. It is 'the most important opportunity in years for investors willing to enter the Libyan market,' he said.
