The National Oil Corporation (NOC) signed on Wednesday a contract with the French building and engineering group Artelia to manage an ambitious development plan for their new complex in Benghazi.
The contract was signed by the chairman of NOC, Mustafa Sannallah, and Artelia executive director, Alberto Romeo, in Milan on Friday.
The NOC did not give a date for the start or completion of the construction of the complex.
“The NOC’s new facilities in Benghazi will reflect our potential as a country and the global importance of Libya's oil sector. There is a bright future for our country if we can put conflict and instability behind us." Said Sannallah.
The NOC said that the project would include the headquarters of the NOC and other oil companies, as well as government departments, a hotel complex and a conference center.
The financing will come from commercial banks, but no details were given as to the cost of the project.