oil

British Petroleum expressed its desire to increase its investment opportunities, support the policies of the National Oil Corporation, and benefit from the available opportunities to develop the oil and gas sector in Libya, according to what was published by the Ministry of Oil and Gas on its Facebook page.

The announcement of this position came during a meeting held by the Minister of Oil and Gas in the Government of National Unity, Khalifa Abdul-Sadiq, with a delegation from British Petroleum as part of his side meetings accompanying the activities of the "ADIPEC" conference in the United Arab Emirates.

The Ministry of Oil and Gas said that Abdul-Sadiq's meeting with the British Petroleum delegation discussed the activities of the British company in Libya and the planned drilling programs in the submerged areas, in addition to investment opportunities in the oil and gas sector in Libya.

The meeting was attended by the British company's CEO, Murray Auchincloss, Deputy CEO of the Gas and Low-Emissions Energy Sector, William Lynn, Vice President of Exploration and Development Sectors, Ariel Flores, Deputy CEO of Mergers and Acquisitions Sector, Andy McColson, and Deputy CEO of the Middle East and North Africa Region, Nader Zaki.

On October 26, the National Oil Corporation announced that both the Italian company Eni and the British company British Petroleum had resumed their exploration work in Libya after a halt in drilling operations in the onshore area since 2014.