The Media Advisor to the Libyan Investment Authority, Louay Griw, stated in an exclusive statement to Tabadul TV that the Authority has signed a strategic agreement with BP to enhance their partnership. The signing took place at the BP headquarters in Cairo on Wednesday, with the presence of the Chairman of the Board, CEO Ali Mahmoud, board members, and several officials and experts from both sides.
Griw explained that the agreement aims to strengthen cooperation and partnership between the two parties, emphasizing progress in the exploratory project in Ghadames Basin and Gulf of Sirte for Blocks A, B, and C in partnership with ENI and the National Oil Corporation. This project is considered one of the largest exploratory projects in Libya, encompassing both onshore and offshore exploration.
The Media Advisor, Griw, concluded that discussions also touched upon exploring new projects in the oil and gas sector to contribute to increasing Libyan production. Additionally, alternative energy projects were discussed to support the energy sector in Libya and reduce emissions.