Libya's state oil firm urges Algeria's Sonatrach to resume joint work

Libya's state oil firm urges Algeria's Sonatrach to resume joint work

October 26, 2019 - 19:46
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Written By: AbdulkaderAssad

The Chairman of the Libyan National Oil Corporation (NOC) Mustafa Sanallah has invited the Algerian Sonatrach to return to Libya and resume its projects.

These remarks came in a meeting for Sanallah and his accompanying delegation with Rachid Hachichi, Chairman and CEO of Sonatrach, his two deputies, and a number of the Algerian company's departmental directors in Algiers on last Thursday.

Sanalla also briefed the Algerian side on the NOC plans to increase oil and gas production in Libya and invited them to contribute to them.

"The meeting also discussed potential joint cooperation that could help Sonatrach resume its activities in Libya and strengthen joint relations in the oil sector. The NOC delegation expressed its gratitude for the company’s seismic surveying and exploratory drilling achievements. In addition, the NOC delegation urged Sonatrach to complete the development plan for block 65 and its commitments to blocks 95/96 in the Ghadames Basin." The NOC media office said.

Meanwhile, Sonatrach's CEO, Hachichi, stressed the importance of joint cooperation and confirmed that Sonatrach looks forward to strengthening joint cooperation and expanding its work in Libya.

The two parties agreed to form a joint working group to study common points of interest and opportunities in the field of oil and gas. They also agreed that Sonatrach will take the necessary measures to accelerate the resumption of activities in Libya.