Ambassador: UK wants to invest in Libya

Ambassador: UK wants to invest in Libya

August 19, 2021 - 21:16
Posted in:
Written By: AbdulkaderAssad

The ambassador of the United Kingdom (UK) Nicholas Hopton expressed his country's desire for investments in Libya by cooperating between the Libyan National Oil Corporation (NOC) and British energy companies.

Hopton visited the Chairman of the NOC, Mustafa Sanallah, on Thursday at the headquarters in Tripoli ahead of his departure from Libya as his tenure as ambassador ended.

The British ambassador said the current stability in Libya owes a lot to the consolidation of work by the oil sector that is the main revenue source for Libya's economy.

Sanallah hailed the major role of the UK ambassador in supporting the NOC and its firms to help them achieve stability in the oil sector and circumvent smuggling, praising at the same time the efforts of the Government of National Unity to support the NOC, which will continue to work unbiased to receive national economy.

The Chairman of the NOC said they had been working on developing more cooperation with British oil and energy firms to help upgrading the Libyan oil sector, especially through investment.

Ambassador Hopton will leave Libya and be replaced by Caroline Hurndall at the end of August.