Understanding the Risk and Opportunities in Libya
About this event
Libya still remains one of the most hydrocarbon rich states in the world with 3.5% of proven world oil reserves, the largest deposits in Africa. Libya also has significant natural gas reserves (third largest reserve in Africa). However, Libya is currently in need of political stability and work is being conducted to improve this.
The Libyan National Oil Corporation (NOC), accompanied by a high level industry specific delegation aim to highlight Libyan needs to return the oil sector to pre-conflict levels of production. This will include specific needs for infrastructure repair and maintenance for pipelines, field maintenance, upstream and downstream facilities management, refinery maintenance and security.
The delegation will be accompanied by members of the HMG Libyan team, including Ambassador Peter Millett, who will cover the political and security situation and concerns. A recent political settlement to bring stability to Libya has been signed. Key to the success of the settlement will be economic improvement to which the oil sector is of critical and imminent importance.
This is the ideal time to meet senior Libyan decision makers and investigate the future opportunities presented in preparation for a more stable market. Attending this event will give you all the necessary information addressing Libya’s current political, economic and security situation, to fully gauge the risk and future opportunities for the UK supply chain.
AGENDA
09.00 Registration and Networking
09.30 Welcome and Event Introduction
Sarah Hutcheon, EIC Regional Manager, Scotland & Norway
09.35 Words from the British Ambassador to Libya, Peter Millett
Current political and security situation, FCO travel advice and its implications for
UK companies, UK Libya trade relationship, benefits and growth potential of the market
09.55 Rebuilding the Libyan Oil and Gas Industry
An overview of the NOC and Libya’s Oil and Gas Sectors.
The current need for sector expertise to rebuild the industry.
Mr Mustafa Sanalla, Chairman of the Libyan National Oil Corporation (NOC)
10.25 Question and Answer Session
Based on above presentations
10.45 Networking Break
11.05 Arabian Gulf Oil Company (AGOCO) Projects & Supply Chain
Opportunities
Mr Mohamed Balgasem Ben Shatwan, Chairman of AGOCO
11.35 Sirte Oil Company (SOC) - Projects & Supply Chain Opportunities
Mr Abdulla Ali Shwaigi, Chairman of SOC
12.05 Nafusah Oil Operations (NOO) - Projects & Supply Chain Opportunities
Mr Mohamed Jamal Elddin, Chairman of NOO
12.35 Closing Remarks
12.40 Networking Lunch
13.30 One-2-one meetings with delegation (10 minute meetings)
16.00 Close
Please note:
This event in designed to provide information on the risks and future opportunities in order for companies to make an educated and informed decision before considering doing business in the market.
EIC Members Rate - £79+VAT
Non-member Rate - £99+VAT
Inclusive of tea, coffee and lunch.