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The interview with Mr Ali Al Ganzory, Chief Executive Officer, G&B Global Corp. highlights the company's vision for Libya's oil and gas sector, emphasizing partnerships, infrastructure, and strategic expansion. G&B aims to collaborate closely with Libyan entities to enhance the country’s export capabilities through joint ventures that introduce technical expertise, best practices, and investments in downstream and export projects. They see considerable opportunities in base oils and petrochemicals, focusing on local refining to reduce import dependency and diversify revenue streams. G&B supports initiatives like feasibility studies and market insights to drive Libya’s prominence in the regional petrochemical supply chain.
1- Libya has significant potential in oil and gas. How do you envision G&B Global Corp.'s role in leveraging this potential to foster strategic partnerships and support local infrastructure?
G&B Global Corp. envisions an active role in fostering collaborations with Libyan entities to enhance the country’s oil and gas export capabilities & International market reachability. By leveraging our extensive network and expertise in infrastructure development, we can help establish joint ventures that bring technical trading know-how, best practices, and necessary investment to both local down stream and export projects.
2- How do you see opportunities for strategic expansions in Libya’s energy sector, especially in base oils and petrochemicals?
Libya’s energy sector presents strong opportunities for expansion, particularly in the middle distillates base oils and petrochemicals. G&B Global Corp. sees potential in motivating international and local investors to support local refining and processing facilities to produce high-quality base oils locally, reducing dependency on imports and meeting both regional and international demand. Expanding into petrochemicals is also strategic, as it offers diversified revenue streams. G&B can help with feasibility studies, investment structuring, and market insights to maximize these opportunities, making Libya a key player in the region's petrochemical supply chain.
3- What emerging market trends do you see influencing Libya’s energy landscape, and how can companies adapt to these changes?
Emerging trends in the Libyan energy sector include a rising emphasis on sustainability, an increasing demand for value-added products, and digitalization in operations. Companies can adapt by investing in cleaner production technologies, focusing on higher-value product outputs, and integrating digital solutions for efficient management. G&B Global Corp. advocates for a proactive approach, where companies not only respond to trends but anticipate them, positioning Libya as a forward-thinking player in North Africa’s evolving energy landscape.
4- What strategic moves can Libyan energy companies implement to gain a competitive edge in the regional and international markets, especially in the supply of petroleum and petrochemical products?
Libyan energy companies can gain a competitive edge by implementing strategic upgrades in refining capacity, aligning with international quality standards, and building resilient supply chains. G&B recommends leveraging local resources to create value-added products that meet international demand. Additionally, investing IN certification and quality assurance helps position Libyan products competitively on the global market. Partnerships with international firms for knowledge transfer and access to advanced technology are also key strategic moves we support.
5- How can Libya leverage its Mediterranean position to build alliances with emerging African markets, and what lessons from G&B Global Corp's partnerships can you share?
Libya’s Mediterranean location is an asset for building alliances with both African & European markets, particularly in the energy and transport sectors. G&B Global Corp. emphasizes creating mutually beneficial agreements that leverage geographic proximity for efficient trade routes. We have found that success in such partnerships depends on transparency, shared investment in infrastructure, and alignment of strategic goals. By applying these principles, Libya can expand its reach in Africa & other neighboring regions, using its ports and resources as a bridge for energy and petrochemical products to emerging markets.
Come and meet G&B Global Corp., Bronze Sponsors of the 5th Libya Energy Week, from 3rd - 5th December 2024 at The St. Regis New Capital, Cairo, Egypt. Co-organized with Libya's National Oil Corporation, this event brings together key players to explore partnerships, infrastructure, and opportunities in Libya’s energy sector.
