More from Libya
🇱🇾Libya Herald·1 hour ago
Libyan Business Council Benghazi branch hosts Chinese Ambassador to discuss economic cooperation
The Libyan Business Council, Benghazi branch, recently hosted Ma Xioliang, the Ambassador of China to Libya, to discuss strengthening joint economic cooperation. This meeting follows the planned reopening of the Chinese Embassy in Libya at the end of 2025. Discussions focused on facilitating the return of Chinese companies to the Libyan market and their involvement in development and reconstruction projects. Ambassador Ma Xioliang highlighted the crucial role of the Libyan Business Council and other Libyan economic institutions in fostering connections between Libyan and Chinese companies, promoting expertise exchange, and establishing productive partnerships. The Libyan Business Council expressed its willingness to collaborate with the Embassy and relevant authorities to create an environment that supports the private sector's role in reconstruction and enhances trade relations between the two nations.
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🇱🇾Libya Herald·1 day ago
Libyan Business Council hosts debate on startup ecosystem and venture capital
The Libyan Business Council LBC and Libya’s Planning Institute organized a debate in Tripoli titled "The Startup Ecosystem and Venture Investment: Engines of Economic Growth." The event aimed to raise awareness about entrepreneurship's role in the national economy. Ms. Sumaya Al-Majdoub opened the dialogue, emphasizing the importance of such events for fostering innovation and strengthening partnerships between academia and the private sector. Mr. Riad Khalil discussed the concept of startups and venture capital, their impact on economic growth, challenges for entrepreneurship in Libya, and strategies to develop a supportive environment for startups. The workshop also highlighted successful international models for integrating private capital with innovative projects and creating an environment conducive to growth and innovation. The debate concluded with discussions among researchers and interested parties on supporting startups and enhancing the investment and innovation landscape for sustainable economic development.
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🇱🇾Libya Herald·1 day ago
Libya's NOC signs exploration and production sharing agreements for 2025 bid round
The Chairman of Libya’s National Oil Corporation NOC, Masoud Suleiman, announced the official signing of Exploration Production and Sharing Agreements EPSAs for the 2025 bid round. These agreements were made with consortiums comprising several leading global energy companies, a move Suleiman described as strategic, reflecting international confidence in Libya's oil and gas sector. The signed agreements involve three international consortiums: one with Spain's Repsol and Turkish Petroleum Company; a second led by Italy's Eni in partnership with QatarEnergy; and a third including Hungary's Mall Group, Turkish Petroleum Company, and Spain's Repsol. Suleiman emphasized that these agreements are part of ongoing efforts to stimulate exploration and development in oil fields and attract quality foreign investments. He noted that these partnerships support Libya's plans to increase daily production rates and secure financial returns, contributing to the national economy.
1 min read