The head of the Arab Gulf Oil Company in Libya, Mohammed bin Shawan, emphasized that the company's top priorities include settling outstanding debts and financial obligations to contractors and companies. This move aims to strengthen partnerships and enhance operational efficiency. Bin Shawan made these remarks during a meeting with officials from SLB (formerly Schlumberger) in Libya, including General Manager Hassan al-Haidari.
The meeting, which took place in Benghazi, was attended by SLB's Integrated Project Manager, Seraj Bousnina, and Benghazi Office Manager, Qais Bounkhila. Additionally, SLB's International General Manager for the Middle East and North Africa, Jesus Lamas, participated via video conference. During the meeting, SLB presented a comprehensive overview of its current status in Libya, highlighting its commitment to continuing operations in the country despite challenges.
Bin Shawan commended SLB for its seven decades of operations in Libya, praising the company's contributions to increasing production capacity, training national cadres, and supporting sustainable development through integrated projects. He also congratulated SLB on its upcoming centennial anniversary, wishing the company continued success and achievements.
The Arab Gulf Oil Company is focused on executing strategic projects that ensure the maintenance and enhancement of its production capacity. Bin Shawan invited al-Haidari to attend the upcoming "Nova" strategic conference in Benghazi, which is sponsored by the National Oil Corporation. This conference aims to discuss key issues and future plans for Libya's oil and gas sector.
Recently, the National Oil Corporation's Chairman, Masoud Suleiman, requested that SLB clarify its long-term strategy for Libya and outline plans for continued investment, expansion of operations, and enhancement of its capabilities. The National Oil Corporation expressed its desire for SLB to remain a key partner in developing Libya's oil and gas sector.
SLB has a long history of collaboration with Libyan oil companies, dating back to 70 years. The company has been actively involved in various projects aimed at increasing production capacity and supporting the development of Libya's oil and gas industry. The meeting between bin Shawan and SLB officials highlights the ongoing efforts to strengthen partnerships and enhance cooperation in the sector.
The Arab Gulf Oil Company's commitment to settling debts and financial obligations to contractors and companies reflects its dedication to maintaining a stable and efficient operational environment. By prioritizing these payments, the company aims to foster a positive and collaborative relationship with its partners and stakeholders in the Libyan oil and gas industry.
Key points
- Arab Gulf Oil Company prioritizes debt settlement with contractors and companies.
- SLB commits to continuing operations in Libya despite challenges.
- Libya's oil sector focuses on strategic projects to enhance production capacity.
