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Global companies gather in post-war Libya for revival of energy industry

Wednesday, April 25, 2012

Laaska News  Apr.25, 2012
TRIPOLI, April 24 (Xinhua) — Representatives from over 200 Libyan, Arabic and international energy enterprises on Tuesday continued exchanging ideas here on ways to maximize the benefits that Libya could gain from its oil and gas richness after the nation’s rebirth last year.

During the four-day Oil & Gas Libya 2012 — the International Exhibition for the Regeneration of Libya’s Oil, Gas and Petrochemicals Sector, which opened here Monday, exhibitors from such countries as Canada, Italy, Egypt and the United Arab Emirates (UAE) showcased their high-level expertise and technology in exploration, production and refining, in a bid to help rejuvenate Libya’s oil and gas industry with international support.

According to Chairman of the National Oil Company Norri Berwein, Libya presents a huge opportunity to international and local exploration companies likewise, while partnership could help improve production in the future.

Libya is also willing to seek cooperation with multinational companies on offshore oil and gas projects, Berwein added.

Libyans battled hard last year to oust former longtime leader Muammar Gaddafi when many of the country’s oil and gas facilities were damaged in the months-old civil war.

2012-04-24

(Xinhua)