
Libya's Ministry of Oil and Gas announced that its Nigeria-Niger-Libya Gas Pipeline Project Committee convened for a technical and coordination meeting. The discussions focused on reviewing preliminary engineering studies and concepts, and developing a memorandum of understanding with Nigeria. The committee also followed up on efforts to advance the project to its subsequent phases. This meeting is part of ongoing work to assess technical feasibility and improve coordination among stakeholders. Previous discussions between Libya and Nigeria have included gas projects, extending export pipelines to Europe, and a high-level delegation visit to Tripoli, with an agreement to prepare an MoU for Nigeria's gas pipeline to Europe passing through Libya.
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This summary was AI-generated from a story originally published by Libya Herald.

A delegation from China Harbour Engineering Company Ltd. CHEC met with the Renewable Energy Authority of Libya REAoL on June 2 to discuss cooperation and investment opportunities in Libya's renewable energy sector and infrastructure. CHEC, a subsidiary of China Communications Construction Company, presented its global experience in renewable energy projects, including solar and wind, as well as its expertise in road, bridge, and infrastructure development. The company expressed strong interest in the Libyan market and its readiness to form investment partnerships, particularly in solar energy, to support Libya's efforts to diversify energy sources and enhance reliance on clean energy. Discussions also covered future cooperation prospects and the implementation of joint projects to transfer expertise, modern technologies, and promote sustainable development in the renewable energy sector.

The 2026 International Forum on Documentary Credits and Foreign Trade will take place in Tripoli from July 6 to 7, according to Hatem Al-Zayani, General Manager of Rateeb Exhibitions and Conferences. This event aims to serve as a specialized platform for stakeholders in the trade and finance system, focusing on enhancing knowledge, exchanging expertise, and adapting to developments in international trade finance. Al-Zayani stated that the forum will provide a space for dialogue among banking institutions, commercial entities, and international experts to develop practices in documentary credits and trade finance, strengthen national capabilities, and foster cooperation with regional and international financial institutions. Libya's hosting of the event highlights its interest in developing its financial and commercial sector, supporting business environment modernization, and improving banking services for foreign trade. The forum will gather officials, experts, and specialists in documentary credits, trade finance, and correspondent banking, alongside representatives from central and commercial banks, financial institutions, chambers of commerce and industry, and various related companies. Discussions will cover challenges and opportunities in international trade amid global economic changes. The program includes panel discussions and workshops on developments in documentary credits, bank transfers, and trade finance instruments, showcasing best international practices and t

Mohamed Al-Shahoubi, Libya's Minister of Transport and Financial Advisor to the Prime Minister, met with the Chinese Ambassador in Tripoli to discuss strengthening bilateral relations. Key topics included leveraging China's expertise in transportation, encouraging Chinese investment in Libya, and exploring the resumption of direct flights between the two countries. The Ministry stated that the meeting aims to consolidate international relations and expand cooperation for mutual benefit.

Ali Mahmoud Hassan, Chairman and CEO of the Libyan Investment Authority LIA, met with Ashraf Al-Maamari, Chairman of the OQ Group, at the LIA’s Tripoli headquarters. This meeting followed the activation of a Memorandum of Understanding MoU signed between the LIA and OQ Exploration and Production, which took place in the presence of Prime Minister and Chairman of the LIA’s Board of Trustees, Abdel Hamid Aldabaiba. The discussions focused on the practical steps for implementing the MoU's provisions, identifying cooperation priorities, and exploring projects of mutual interest. Both parties addressed the future work plan and coordination mechanisms to translate the MoU into practical projects, aiming to strengthen their investment partnership in the oil, energy, and joint investment sectors. Ali Mahmoud Hassan highlighted this partnership as a significant strategic step, emphasizing the LIA's commitment to developing sustainable cooperative relations through expertise exchange and enhanced joint investment opportunities for long-term economic returns. The next phase will involve technical committees and specialized teams from both sides developing executive programs and identifying economically viable projects for implementation according to clear timetables.