The Chairman of the National Oil Corporation (NOC) of Libya, Mr. Farhat Bengdara, recently met with the Qatari Ambassador to Libya, Mr. Khalid Mohammed bin Zabin Al-Dossari, in Tripoli to discuss enhancing cooperation in the oil services sector. The discussions aimed at strengthening bilateral ties and exploring collaboration opportunities in the energy industry.
Both parties expressed a strong commitment to deepening their partnership, anticipating mutual benefits for Libya and Qatar. The talks covered various aspects of oil services, including technical support, infrastructure development, and investment opportunities. The Qatari ambassador reaffirmed his country's interest in supporting Libya’s efforts to boost oil production and improve energy infrastructure.
During the meeting, the NOC provided an update on Libya’s oil production statistics, announcing that the total production of crude oil, condensates, and natural gas over the past 24 hours reached 1,543,603 million barrels of oil equivalent. This impressive figure underscores Libya’s significant role in the global energy market and highlights the country’s potential for further growth and development in the oil sector.
The NOC’s latest report detailed a daily crude oil production of 1,267,706 barrels, with condensates at 51,435 barrels per day and natural gas at 224,462 barrels of oil equivalent per day. These figures underscore Libya’s ability to maintain substantial production levels despite ongoing challenges.
The NOC’s commitment to transparency and regular reporting is crucial for maintaining investor confidence and ensuring oil market stability. By providing accurate and up-to-date production information, the NOC aims to attract further investments and foster a positive business environment.
The meeting between Bengdara and Al-Dossari also emphasized the importance of international cooperation in the oil and gas industry. As global energy demand rises, partnerships between oil-producing countries like Libya and Qatar become increasingly vital. These collaborations enhance production capabilities and contribute to the overall stability and sustainability of the energy market.
Libya’s strategic location and abundant natural resources position it as a key player in the global energy landscape. The NOC’s efforts to boost production and improve infrastructure are essential for harnessing this potential. By partnering with countries like Qatar, Libya can leverage international expertise and investment to achieve its energy goals.