The Chairman of the Board of Directors of the National Oil Corporation (NOC), Masoud Suleiman, launched on Monday public bidding round for oil exploration after a hiatus of 17 years.
This announcement took place at the Rixos Complex in Tripoli, in the presence of the Prime Minister of the Government of National Unity, Abdul Hamid Dbeibah, the Minister of Oil, Khalifa Abdul Sadiq, and the Minister of State for Communication and Political Affairs, Walid Al-Lafi.
Masoud said in a speech he delivered during the launching ceremony of the round that more than two-thirds of the Libyan lands are waiting for someone to explore the abundant wealth hidden in its depths.
He explained that what he described as the greatness of this event brings to mind the great sacrifices made by the workers of the National Oil Corporation, to be crowned today under the umbrella of the Government of National Unity with this achievement that promises all good for Libya and Libyans.
Masoud indicated that exploration in new areas does not only mean producing oil and gas, but it is a source of life in those areas and their development, which will contribute to supporting the private sector that will participate in providing support services for exploration and drilling work, thus increasing the national income, in addition to providing large areas of new job opportunities for young Libyans looking for work.
He explained that the return of major companies to exploration in Libya will enhance Libya's position among the world's oil countries, and will add new reserves of oil and gas that will compensate for the quantities produced previously, which will contribute to increasing Libya's oil and gas production according to the NOC's plan.
