The Chairman of the National Oil Corporation, (NOC) Masoud Suleiman, said that Libya is looking forward to expanding its activity in the energy industry, and that the conditions are suitable for that.
Suleiman added during his participation in the Energy Conference in Houston, USA, that the relative stability that Libya enjoys today was a major motive for announcing the launching of the public bidding round for exploration and drilling.
He said that increasing oil and gas production rates is the main goal that the corporation seeks to achieve, and that the increase is the only way to improve Libya's national income and achieve an economic renaissance for Libya and the Libyans.
He pointed out that the National Oil Corporation (NOC) has put 22 investment opportunities in the energy sector before international oil companies, represented by 11 offshore sites and 11 other onshore sites, waiting for those who will explore what they hide in their depths.
Suleiman called on companies wishing to venture into exploration and drilling in Libya to invest in these areas according to competitive contractual provisions, formulated in cooperation with the most prestigious international expertise.
