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Libyan Prime Minister Aldabaiba meets Omani delegation, LIA signs MoU with OQ Group
via Libya Herald1 min read
Libyan Prime Minister Abdel Hamid Aldabaiba hosted an Omani delegation in Tripoli to discuss strategic investment partnership opportunities and cooperation in the energy sector. The meeting resulted in the signing of a memorandum of understanding between the Libyan Investment Authority LIA and Oman's OQ Group. This MoU aims to explore investment and cooperation opportunities in the Libyan market, focusing on diversifying the national economy and attracting quality investments, particularly in clean energy and strategic value-added projects. OQ, an energy investment company headquartered in Muscat, is a wholly owned subsidiary of the Government of Oman. Discussions also covered cooperation in oil, gas, and renewable energy sectors, and the development of joint projects to transfer expertise and expand economic partnerships. The meeting aligns with the Libyan government's goal of promoting sustainable development and increasing the investment sector's contribution to the national economy. Attendees included Libyan Oil and Gas Minister Khalifa Abdel Sadig, Minister of State for Prime Minister and Cabinet Affairs Mohammed bin Ghalbon, Head of the Executive Team for PM’s Initiatives and Strategic Projects Mustafa Al-Mana, Chairman of the Libyan Investment Authority Ali Mahmoud, along with OQ Group CEO Ashraf bin Hamad Al-Maamari, CEO of Abraaj Energy Services Saif bin Saeed Al-Hamhami, and other senior executives.
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This summary was AI-generated from a story originally published by Libya Herald.
The Libyan Post Telecommunications & Information Technology Company LPTIC held a meeting with Nokia representatives to discuss potential cooperation on upgrading Libya’s telecommunications infrastructure. LPTIC Chairman Ali Ben Gharbia, along with chairmen and general managers of sector companies, met with Nokia’s Regional Director. The discussions focused on modernizing telecommunications networks, with an emphasis on 5G technologies, to improve service quality, enhance network efficiency, and support digital transformation. Ben Gharbia highlighted the importance of strategic partnerships with global companies to leverage the latest technologies and international expertise for development projects and improved telecoms services. Nokia’s Regional Director presented the company’s 5G solutions and affirmed Nokia’s readiness to cooperate with LPTIC and its affiliates to build a modern, sustainable digital infrastructure in Libya. This meeting is part of LPTIC’s ongoing efforts to strengthen international cooperation and accelerate the development of the telecoms sector, supporting Libya’s digital transformation.
SLB has confirmed its commitment to maintaining operations in Libya, despite ongoing financial obligations. This affirmation followed a meeting between SLB Country Manager Hassan Al-Haidari and National Oil Corporation Chairman Naji Issa in Tripoli. The discussions focused on establishing a clear timeline for settling outstanding financial obligations to ensure the continuity of projects and prevent any reduction in service scope. The NOC Chairman, Naji Issa, stated his commitment to coordinating with the Government of National Unity to address payment delays and support exploration and production activities. Mr. Al-Haidari emphasized the importance of a clear payment timeline to bolster SLB's ability to continue providing services to the Libyan oil sector. Rumors had circulated in recent months regarding SLB potentially reducing its staff and activities in Libya due to delayed debt payments.
Libya's Minister of Economy and Trade, Suhail Abu Shiha, met with UK Ambassador to Libya, Martin Reynolds, to discuss enhancing economic and trade cooperation. Key areas of discussion included energy, mining, services, and information technology. The Minister presented the Tripoli Prime Minister's "Quality of Life" vision, which aims to create wealth through natural resource investment, manufacturing development, and strengthening value chains to diversify the economy, create jobs, and attract investments. Both parties also discussed forming and activating the Libyan-British Business Council to foster private sector partnerships, encourage trade and investment, and facilitate the expansion of British companies in Libya.