Africa Intelligence has reported that Libya’s National Oil Corporation (NOC) has awarded the project of linking Sirte basin oilfields to Ras Lanuf and Al-Sidr ports to Oil Invest, a subsidiary of the Libyan Investment Authority (LIA).

The investment value of the huge pipeline project in the Sirte desert is estimated at about two billion dollars, according to the Africa Intelligence report, and no official statement was issued by the NOC regarding this assignment.

Oil Invest is a national company owned by the Libyan Investment Authority. The intelligence platform noted its offer surpassed competing Egyptian and Emirati bids.