Libya's Ministry of Oil and Gas committee discusses Nigeria-Niger-Libya gas pipeline project
via Libya Herald1 min read
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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At the Libya France Business Forum in Paris on April 16, Ahmed Al-Ghazali, Chairman of Al-Fath Company for Importing Agricultural Supplies and Vice President of the American Chamber of Commerce in Libya, highlighted the growing momentum in Libya's agricultural sector. He emphasized the increasing cooperation between Libya and France, aligning with the National Development Agency's Vision 2030. Al-Ghazali noted a clear shift from planning to execution, with agriculture becoming a practical driver for food security and economic diversification. French engagement, through technology, expertise, and investment, combined with local partnerships, is creating opportunities in irrigation, mechanization, and Agri-tech. He stated that Libya is now a market of execution, with a clear direction despite remaining challenges, focusing on delivery and building the right partnerships. The forum showcased ready-to-execute projects for French company participation. The first part of the forum was held in Marseille on April 14.
Naji Issa, Governor of the Central Bank of Libya CBL, and his delegation met with Vivek Tyagi, Chairman and CEO of Numisma Bank, and Randal Quarles, a member of Numisma's Advisory Committee and former Vice Chairman of the US Federal Reserve. The meeting reviewed the CBL's plan to restore confidence in international financial institutions and complete the first phase of supplying US dollars to Libya, which included modernizing compliance controls and implementing regulatory measures for currency exchange activities. Discussions also covered the plan and mechanisms for distributing US dollars in cash and the readiness of the banking system, commercial banks, and exchange companies to resume selling US dollars directly to Libyan citizens. Numisma Bank representatives commended the CBL's efforts and affirmed their readiness to supply additional amounts of cash dollars and provide technical support. It was agreed to continue supplying US dollars based on the CBL's assessments and market needs, and to also supply British pounds and euros. Numisma Bank is a global distributor of various banknotes, licensed and regulated in the United States, with direct access to the Federal Reserve System.
The Libyan Business Council LBC announced it is co-organizing a Libyan-Moroccan Business Forum on June 8 in Casablanca. This initiative follows the LBC Chairman's decision to establish the Libyan-Moroccan Business Council and discussions with the Moroccan Businessmen's Union. Approximately 50 Libyan businesspeople are expected to attend. The forum will focus on various sectors, including contracting and construction, oil, gas, and alternative energy, foodstuffs, pharmaceuticals and medical equipment, investments and tourism, and training.
Must ReadNaji Issa, Governor of the Central Bank of Libya, and his delegation met with Clive Vacher, CEO of the British company De La Rue, in Washington, D.C. The meeting, held on April 17, 2026, during the Spring Meetings of the International Monetary Fund and the World Bank, focused on the implementation of the Central Bank of Libya's plan to print new banknote denominations 5, 10, and 20 Libyan dinars. Discussions included the delivery schedule for these shipments to ensure a smooth supply of local currency to meet citizens' needs and guarantee ample availability before Eid al-Adha at the end of May. During the meeting, De La Rue presented Governor Issa with the High Security Printing EMEA International Forum Award for the twenty-dinar edition, which won the award for the most beautiful currency design in the world for 2025 based on its shape, printing quality, and security features.