Libya’s National Oil Corporation (NOC) Chairman, Mustafa Sanallah, showcased the investment opportunities that Libya can offer for UK companies to potentially pump billions of dollars in the Libyan oil and gas sector, according to a press release.
With this said, Sanallah warned that this would not be achievable without an end to the current closures of oil facilities and without the establishment of a stable Libyan government.
Sanallah said, “We know that UK companies will win highly profitable business in the oil and gas sector in Libya if there is a level playing field. But not all of the countries involved in Libyan affairs at this point want to see a level playing field. The UK government needs to take an active role in ensuring the current oil blockade is lifted. It needs to play its part in creating a fair and just Libyan society based on the rule of law if British companies are to thrive in the Libyan market.”