Libya Seeks to Expand Oil Ties with Spain

Libya Seeks to Expand Oil Ties with Spain

Libya’s National Oil Company’s (NOC) CEO, Mustafa Sanalla, met with the Spanish ambassador to Libya, Javier Garcia-Larrache, to bolster oil-trade ties with Spain by encouraging Spanish companies to return back to Libya, according to The Libyan Express.

Sanalla said, “We are happy with our partnership with the Spanish company Repsol and there has been a commercial exchange between Libya and Spain in the oil and its derivatives field that exceeded $7.5 billion during the last three years.”

From his part, the Spanish ambassador recognized NOC’s efforts in boosting the country’s oil production and resuming production figures to 1.2 million barrels of oil per day (mmbbl/d) and lifting Force Majeure on oil exports. Oil exports have seen a recent renaissance after a wave of violent conflicts that took place between April of 2019 and June 2020.


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