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Benghazi Chamber of Commerce explores cooperation with Spanish Embassy
via Libya Herald4 min read
The Benghazi Chamber of Commerce met with the Commercial Department of the Spanish Embassy to discuss potential economic cooperation, particularly in the agricultural sector. The meeting, attended by Muneem Al-Sa'iti, Acting Chairman of the Benghazi Chamber, Muhanad Al-Saleheen, Director General, and Ramadan Boubtana, Director of the Economic and International Relations Department, aimed to leverage Spanish expertise for Libya's economic diversification and sustainable development. Chamber officials expressed interest in building partnerships with Spanish companies and fostering communication between the business communities of both countries.
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This summary was AI-generated from a story originally published by Libya Herald.
Libya's Minister of Water Resources, Hosni Oweidan, met with a delegation from the British company Global Consolidated Contractors International Ltd GCCI in Tripoli to discuss cooperation on dam assessment and development. The meeting, attended by various directors, aligns with the Prime Minister's directives to assess existing dams and the Ministry of Water Resources' vision for water security. It also supports the Ministry of Foreign Affairs' efforts to collaborate with international companies. Discussions included comprehensive technical studies for existing dams to determine maintenance and development needs, as well as preliminary studies for new dams at proposed sites. The Minister emphasized utilizing international expertise for water infrastructure development. The GCCI delegation is scheduled to begin field visits to dams targeted for evaluation.
Fahmi Al-Jahmi, Chairman of the Libyan Business Council LBC in the Eastern Region, participated in the Moroccan-Libyan Business Forum in Casablanca. The forum, organized by the General Confederation of Moroccan Enterprises CGEM, aimed to strengthen economic cooperation between Libya and Morocco. Al-Jahmi highlighted the need to overcome obstacles for the private sector, specifically calling for easier entry visa procedures for Libyan business leaders to facilitate partnerships and the movement of competencies. Discussions at the forum also focused on developing trade and investment cooperation, emphasizing the value of Morocco's economic experience as a rising and influential power in Africa, making it a strategic partner for the Libyan economy.
Libya's National Oil Corporation NOC announced that Mellitah Oil & Gas successfully implemented a "reverse feed" process to supply natural gas from the Mellitah Industrial Complex to the Ruwais power plant. This technical operation aims to stabilize the electricity grid, with an initial feed rate of approximately 25 million cubic feet per day, potentially increasing to 100 million cubic feet per day. The Chairman of the Board of Directors of the General Electricity Company of Libya GECOL directed this achievement, allowing GECOL to switch from diesel-powered to natural gas-powered turbines, producing up to 100 megawatts in the first phase. This provides operational flexibility and reduces liquid fuel consumption costs. The NOC Chairman reiterated the commitment to supply gas to the Ruwais station to operate at its full capacity of over 750 megawatts and commended the national cadres' technical efficiency. The sector will continue its strategic plan to develop discovered and undeveloped gas fields to meet local market needs and export surplus.