At a Tripoli press conference today promoting the Libya Oil, Gas and Renewable Energy Fair (28 to 30 November 2022), Oil and Gas Minister Mohamed Aoun said the fair is to encourage international companies to return to or enter the Libyan oil sector. Aoun complimented the Oil and Gas Ministry for its success in preserving oil revenues for the state and said its aim is to maintain current oil production while continuing exploration and development to increase production. However, he said the Libyan private sector must enter the industry with the sector’s existing high standards which are imposed by international partners. Having an oil ministry enables a global outlookMinister Aoun could not resist having an indirect dig at his nemesis Mustafa Sanalla when he pointed out that only by having an oil ministry could Libya take a sovereign outlook on policies in the oil and energy sector. Without mentioning him by name, the implication was that Sanalla was too narrow in his outlook for Libya’s oil sector.

Source: Libya Today September 24, 2022 20:43 UTC