[ad_1]
The president of the Libyan National Oil Corporation, Mustafa Sinnallah, said his strategy was to increase production to 2.1 million barrels of oil a day by 2023.
"With the improvement of security conditions in Libya, the organization can easily increase from 300,000 to 400,000 barrels a day, which will significantly contribute to the increase in national revenues," he said. Sinallah said in a statement released Thursday. Noble ending.
These remarks were made during a visit by senior officials of the National Oil Corporation to the People's Republic of China to discuss the investment opportunities available and ways of cooperation in the oil and gas sector in Libya with the China National Petroleum Corporation.
Hu Jintao, vice president of the China National Petroleum Corporation and chairman of PetroChina, expressed China's willingness to intensify cooperation in the fields of exploration, development and oilfield services. and trade in Libyan crude oil.
The two sides also discussed the possibility of signing a memorandum of understanding at their next meeting to consolidate and strengthen bilateral relations.
In a statement, Sinallah confirmed that the Foundation had held high-level meetings with major Chinese oil companies to examine the investment opportunities available in the oil and gas sector in Libya, stressing that "China can help Libya to achieve this goal. "
"We hope that China and its major oil companies will share our vision for the future of the oil and gas sector in Libya by exchanging their technical expertise and enhancing the opportunities for cooperation in the fields of exploration, trade and development. development, import and export, "added the minister.
The company's delegation visited the headquarters of several subsidiaries of China National Petroleum Corporation (CNPC), which previously operated in Libya, the Great China Drilling Company, China Petroleum and Technology Development Company, BPG and China Petroleum. and Engineering Corporation.
The president of the National Oil Corporation thanked these companies for their efforts to promote cooperation between Libya and China, inviting them to explore the opportunities available in Libya.
National Oil Corporation (NOC) announced in June that revenues from the sale of crude oil and its derivatives, as well as taxes and royalties from concession contracts, totaled $ 1.7 billion. of dollars.
Total oil and gas revenues in the first half of this year amounted to $ 10.33 billion, down 11.25% from the previous year.
[ad_2]
Source link
