Libya wants foreign oil companies to return

A picture taken on June 3, 2020 shows Libya’s National Oil Company in the northern town of Ras Lanuf [AFP via Getty Images]

Libya’s minister of oil and gas has said that his country wants foreign oil companies to return and help it to boost output, Bloomberg has reported.

Mohamed Oun explained that Prime Minister Abdul Hamid Dbeibah appointed a special envoy to the US recently, who will try to get energy firms to invest in Libya. “I would personally like to encourage foreign companies, especially those from the US, to come back,” he added.

In the first week of September, demonstrators blocked oil exports from the Libyan ports of As-Sidr and Harouge. They called for the dismissal of the head of the National Oil Corporation, Mustafa Sanalla. The latter is at loggerheads with Oun over who actually runs Libya’s oil sector.

READ: France to host Libya conference ahead of elections

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