Latest news with #MinistryofOilandGas
Libya Herald
14-07-2025
- Business
- Libya Herald
Libya and Nigeria discuss gas projects, extension of export pipelines to Europe and high-level delegation visit to Tripoli
Libya's Tripoli based Minister of Oil and Gas, Khalifa Abdel Sadeg, held a meeting with his Nigerian counterpart, (Senator) Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil) of Nigeria, on the sidelines of their participation in the Ninth Global Symposium of the Organization of the Petroleum Exporting Countries (OPEC), held in the Austrian capital, Vienna, 9-10 July. Supporting global energy security The two sides, the Tripoli based Libyan Ministry of Oi and Gas reported last Saturday (12 July), discussed the prospects of bilateral cooperation in natural gas projects, and the joint role of Libya and Nigeria in supporting global energy security, in a way that serves the interests of both countries and enhances stability in the region. Gas pipeline project linking Libya and Nigeria The meeting also discussed the possibilities of developing the gas pipeline project linking Libya and Nigeria, exporting gas to European markets, in addition to discussing the necessary executive steps to activate this vital project. Upcoming visit of high-level Nigerian Ministry of Oil delegation to Libya The two sides agreed to coordinate the organization of an upcoming visit of a high-level delegation from the Nigerian Ministry of Oil to Libya, to follow up on the latest developments in joint cooperation. Libya and Nigeria MoU to conduct technical and economic feasibility study on pipeline project It will be recalled that in September 2024 Libya and Nigeria had agreed to prepare an MoU to conduct technical and economic feasibility studies on Nigeria's plan to implement a pipeline project to transport gas produced from its fields to export gas to Europe via Libya. The news was revealed by the Tripoli based Libyan Ministry of Oil and Gas on 20 September after Acting Oil and Gas Minister Khalifa Abdel Sadeg held a consultative meeting with Ekperikpe Ekpo, Minister of State for Petroleum Resources (GAS) of Nigeria. The meeting was held on the sidelines of GASTECH 2024 in Houston, Texas, from 17-20 September. The Libyan Ministry of Oil and Gas said this project is expected to have a tremendous economic return on the Libyan state. Libyan government presented by study in 2023 It will be recalled that in September 2023, the then Oil and Gas Minister Mohamed Aoun, had revealed at a press conference that his ministry had presented a study to the Libyan government for the proposed Nigeria gas pipeline to Europe, planned to run through Algeria, to run through Libya instead. . Libya and Nigeria agree to prepare an MoU on Nigeria's gas pipeline to Europe passing through Libya Libya's Oil Ministry counter-proposes that Nigeria-Europe gas pipeline run through Libya ( Tags: Minister of Oil and GasMinistry of Oil and Gas GNUNigeria Nigerian
Libya Observer
12-07-2025
- 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
12-07-2025
- Business
- Libya Observer
Ministry of Oil eyes expanding cooperation with Austria's OMV
Acting Minister of Oil and Gas of the Government of National Unity, Khalifa Abdul-Sadig, has expressed interest in expanding cooperation with the Austrian company OMV in natural gas projects. Abdul-Sadig held a bilateral meeting with a high-level delegation from the Austrian company OMV last Wednesday, on the sidelines of his participation in the 9th World Symposium of the Organization of the Petroleum Exporting Countries (OPEC). Ministry of Oil and Gas stated on its Facebook page on Friday that the meeting discussed developments in OMV's work in Libya, during which both parties expressed their desire to expand joint cooperation in natural gas projects, given Libya's promising potential and its strategic role in enhancing global energy security, particularly in Europe. The Ministry pointed out that this meeting comes in line with its efforts to strengthen partnerships with major international companies and support the state's drive to increase oil and gas production and achieve sustainability in the energy sector. The meeting was attended from the Austrian company by Executive Vice-President Berislav Gašo, First Vice President Nenad Kosuruk, and Second Vice President Gilbert Rocchio. Tags: Ministry of Oil and Gas omv
Libya Observer
12-07-2025
- 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.
Libya Review
11-07-2025
- Business
- Libya Review
Libya Seeks Greater Benefits from OAPEC Membership
Libya's Minister of Oil and Gas, Khalifa Abdel-Sadiq, has explored ways to expand Libya's benefit from its founding membership in the Organization of Arab Petroleum Exporting Countries (OAPEC), to further enhance the development of the oil and gas sector. The discussions took place during a meeting with OAPEC Secretary-General Jamal Al-Loughani on the sidelines of the 9th International Gas Exporting Countries Forum, according to a statement from Libya's Ministry of Oil and Gas. During the meeting, the two sides reviewed the latest projects and initiatives launched by the organization, focusing on technical and economic programs that could support Libya's energy sector amid global and regional shifts in the energy landscape. Minister Abdel-Sadiq praised OAPEC's significant progress in recent years and commended its efforts to strengthen Arab cooperation in the energy field. The ministry emphasized that this meeting reflects Libya's keenness to expand its cooperation with specialized regional organizations, in order to boost its presence and influence in the global energy market. It also aims to maximize the country's use of available resources and opportunities to serve national interests. 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. Tags: EnergygaslibyaOAPECoil
