New Libyan gas sector roadmap aims to maximize reserve use
The activities of the second edition of the technical workshop on The Strategic Vision of the National Oil Corporation for the Development of Natural Gas Projects in Libya continued with the aim of developing a roadmap for the development of the gas sector and maximizing the use of Libya’s reserves, as reported by Libya Eye on July 21st.
The workshop sessions were attended by the Chairman of the Board of Directors of the National Oil Corporation (NOC), Masoud Suleiman, who presented during a dialogue session the strategic vision of the Corporation on the development of gas projects, reviewing the size of Libya’s reservoirs and investment opportunities present in this vital sector for the country.
Suleiman stressed that the development of gas projects is a major priority for the corporation, due to it playing a role in supporting the national economy, meeting the needs of the local market, all while enhancing cooperation opportunities for international partners and the transferring of modern expertise and technologies to Libya’s oil and gas sector.
During the session, the Chairman of the Board of Directors of the Foundation listened to the interventions and questions of experts and representatives of the participating companies, and provided clarifications on the plans and mechanism for the implementation of future projects, stressing that the Corporation will continue to work towards the goal of achieving the greatest potential economic benefit for Libya from its natural resources.
Dr. Khalifa Abdel Sadiq, a member of the Foundation’s Board of Directors, reviewed the plan for the development of gas projects, and the possibility of implementing them in accordance with specific time programs, as a way to ensure raised production levels and the achievement of strategic goals.
The National Oil Corporation seeks to strengthen international partnerships through and develop Libya’s infrastructure across its gas sector, in a way that contributes to continued support of the Libyan economy while transforming gas reserves into value-added production projects.
Libya Eye, Maghrebi.org.
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