Masoud Suleiman, the acting Chairman of the National Oil Corporation (NOC), called on global companies to invest in Libya, emphasizing that crude oil production in the country is experiencing remarkable stability and a gradual increase, with production rates reaching 1.4 million barrels per day.
This call came during Suleiman’s participation in a dialogue panel on the sidelines of the CERAWeek global energy conference held in Houston, where he explained that the return of numerous international airlines to operate in Libya represents a strong indicator of improved security and stability conditions in the country.
Suleiman considered this return a vote of confidence from global companies in the Libyan investment environment, noting that increased cooperation with Libyan airports enhances the attractiveness of the energy sector for foreign investments.
In a statement issued by the NOC, Suleiman affirmed the corporation’s commitment to resolving any disputes with foreign partners through direct negotiation, stating that the NOC has not recorded any legal or arbitration disputes with partners.
He explained that this approach reflects the corporation’s keenness to build long-term partnerships with global companies and strengthens confidence in the Libyan energy sector, encouraging further investments.
He added that Libya seeks to exploit its natural resources sustainably and welcomes global companies with the expertise and technology necessary to achieve this goal.
