The Prime Minister of the Government of National Unity, Abdulhamid Dbeibah, acknowledged the necessity of discussing the agreement for oil and gas discoveries and development, considering all observations from all regulatory and executive authorities and interested experts.
This came during the ninth regular meeting of the High Council of Energy and Water Affairs, at the headquarters of the Audit Bureau, in the presence of the Prime Minister, the Governor of the Central Bank of Libya, the President of the Audit Bureau, the President of the Libyan Investment Authority, the Ministers of Finance, Economy, Planning, and Oil, and with the participation of the Board of Directors of the National Oil Corporation, as well as the institution’s team of experts, several department directors at the Audit Bureau, and the Minister of State for Cabinet Affairs.
Dbeibah also stressed the need to work to increase oil and gas production through new exploration and the need to support foreign and local investment per criteria that preserve the rights of the Libyan state.
The Prime Minister explained that the meeting aimed to respond to the observations received from the Audit Bureau, and the memorandum submitted by Libyan experts in the oil and gas sector regarding the points that need clarification and response. He emphasized that all parties have a national responsibility to support the field of oil and gas.
The meeting ended with an agreement on continuing to hold technical meetings with all experts interested in the oil and gas sector and regulatory bodies to clarify any controversial points, and with local financial institutions to discuss the possibility of supporting this project.
