Prime Minister Abdul Hamid Dbeibah of the Government of National Accord received a high-level delegation from the American company Chevron on Tuesday to discuss prospects for expanding the group’s activities in Libya, encompassing oil exploration, renewable energy, and the transfer of technical expertise.
The meeting, held in Tripoli and attended by the Minister of Oil and Gas, Khalifa Abdul Sadiq, and the Chairman of the National Oil Corporation (NOC), Masoud Suleiman, reflects the Libyan authorities’ desire to revitalise international partnerships in the energy sector, a central pillar of the national economy.
According to a statement from the Prime Minister’s media office, the Chevron delegation included Frank Mount, Vice President of Business Development; Joel Koch, Chief Operating Officer; and Daniel Heap and Kenneth Davis, heads of high-risk environments and engineering operations, respectively.
Dbeibah reaffirmed at the meeting his government’s commitment to ensuring a stable and secure investment environment, an essential condition for the sustainable return of major foreign energy companies to the country.
He commended the National Oil Corporation’s (NOC) role in modernising oil infrastructure and attracting new capital, emphasising that energy diversification is now “a strategic pillar for Libya’s economic recovery and energy sovereignty.”
Chevron officials expressed their willingness to strengthen bilateral cooperation and expand investments in production and exploration, while supporting national renewable energy initiatives.
They stated that current Libyan market conditions “offer a major opportunity” to increase production and transfer technological know-how that could foster the sector’s growth.
Chevron, with a market capitalisation exceeding $260 billion, is among the world’s top five
oil companies, with annual revenues surpassing $200 billion and more than 45,000 employees in over 50 countries.
The return of a player of this magnitude to Libya, after years of instability, would be seen as
a positive signal for the recovery of the energy sector and for restoring the confidence of international investors.
MK/te/fss/as/APA