Tripoli-based Libyan Prime Minister Abd Alhamid Aldabaiba received a high-level delegation from British energy giant Shell on Monday. The delegation included Richard Howe, Executive Vice President of Conventional Oil and Gas; Fakher Bader, Vice President and Head of the UAE and Iraq branch; and Martin Garvelink, General Manager of New Business Development.
The discussions formed part of the government’s ongoing strategy to increase oil and gas production and strengthen international investor confidence in Libya’s energy sector.
Central to the meeting was the development of the Memorandum of Understanding signed between the National Oil Corporation (NOC) and Shell in January. Officials discussed mechanisms to activate and implement the agreement to expedite Shell’s re-entry into the Libyan market, support exploration and development programmes, and enhance the efficiency of existing oil fields.
Prime Minister Aldabaiba reiterated the government’s commitment to a clear vision for increasing production and achieving set targets. He emphasised that collaboration with major international companies is critical for technical and financial stability in Libya’s oil and gas sector and for creating a secure and competitive investment climate.
The Prime Minister reaffirmed support for the return of global energy players, promising the provision of facilities and incentives to reinforce Libya’s role as a reliable energy supplier and to foster economic growth in the coming years.
Also present at the meeting were Acting Minister of Oil and Gas Khalifa Abdel Sadig, NOC Chairman Masoud Suleiman, and Mustafa Al-Manea, Head of the Executive Team for the Prime Minister’s Initiatives and Strategic Projects.
