Establishing effective strategic partnerships with investorsIn his opening remarks, NOC Chairman, Masoud Suleiman, emphasized that partnership with the private sector is a fundamental pillar for developing the oil industry. He noted that the NOC fully supports establishing effective strategic partnerships with investors, which will contribute to improving operational performance and modernizing the sector’s infrastructure and industrial facilities. The workshop was organized in cooperation with the Privatization and Investment Board (PIB), and with the participation of Zallaf Libya and Zawiya Oil Refining Company. Creating a stimulating legislative and technical environmentThe sessions included an extensive panel discussion that reviewed the challenges facing investment in the sector and proposed solutions and suggestions to overcome obstacles for investors. Emphasis was placed on the importance of creating a stimulating legislative and technical environment that supports the state’s drive towards localizing and developing the oil industry.

Source: Libya Today February 10, 2026 07:23 UTC