The Libya Africa Investment Portfolio and the National Oil Corporation held talks with a delegation from the Saudi company Ajyal for Petroleum and Energy to discuss the possibility of Ajyal contributing to the Zuwara oil refinery project, reviewing boosting local refining capacity and creating added value for Libya’s energy sector. According to a statement by the Portfolio, the Chairman of the National Oil Corporation, Massoud Suleiman, expressed his full support for the initiative and emphasized the Corporation’s commitment to ensuring the success of partnerships that help develop the oil and gas sector. Ajyal is considered one of Saudi Arabia’s leading companies in the development of integrated energy projects, operating across the full value chain from exploration and production to oilfield services and advanced technological solutions.

Source: Libya Observer January 27, 2026 20:29 UTC