Libyan oil firms expect to cooperate with Chinese counterparts


TUNIS, Nov. 20 (Xinhua) -- Libyan oil companies on Monday expressed the hope to cooperate with their Chinese counterparts to increase production and further develop the industry.

The remarks were made during a technical seminar held in the Tunisian capital Tunis by China's Greatwall Drilling Company (GWDC), a subsidiary of China National Petroleum Corporation, with the participation of more than 20 oil companies from Libya, Tunisia, and South Sudan.

Noting "China has great achievements in the oil and gas sector" Abdulhadi Abugnima, workover superintendent at the Libyan National Oil Corporation (NOC), said his company is eager to work with major oil companies to increase Libyan oil and gas production and to also bring down operational costs by using new technologies.

Ghaith Bashir al-Firjani, head of the Well Drilling and Maintenance Department of Libya's Al-Waha Oil Company, said: "We seek to make sure that Chinese companies play a role in the Libyan oil sector, as this would create good competition in the sector."

Muammar Abdussalam, drilling supervisor at Libya's Mellitah Oil and Gas Company, said "I strongly recommend that GWDC return to work in Libya, so that we can benefit from its experience in more than one oilfield in Libya."

Oil and gas represent a major source of Libya's revenue. However, the sector has suffered over the past years from armed conflict and oil field and port closures.

In November last year, Libya's Minister of Gas and Oil Mohamed Aoun announced that Libya is seeking to increase oil production to 2.1 million barrels per day and natural gas production to about 4 million cubic feet per day over the next five years.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Factbox-South Korea's Yoon likely to be held in a solitary cell
Dense fog over Indian capital delays flights, trains
French woman faces cyberbullying after falling for fake Brad Pitt
TikTok calls report of possible sale to Elon Musk’s X ‘pure fiction’
What you need to know about the arrest of South Korea's Yoon
ChatGPT will soon be able to�remind you to walk the dog
South Korea's Yoon: Embittered survivor becomes first sitting president arrested
Apple wants to keep diversity programmes disavowed by other US firms
Impeached S Korean president Yoon detained for questioning over martial law
Powerfoyle technology can keep small electronic devices running forever

Others Also Read