Oil Minister reviews entry of America's Chevron into 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.
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