Proposals to encourage overseas investment in Libya’s long-stagnant oil sector were discussed at a key meeting in Tripoli over the weekend.

After years of civil war, the North African nation’s oil and gas sector has begun to find its feet again since a peace deal was agreed in late 2020, and the sector is desperate for fresh investment to boost oil production and add value to its hydrocarbon resources.

On 13 June, a meeting was held at the headquarters of state-owned National Oil Corporation (NOC) between company chairman Mustafa Sanalla and Muhammad al Hawej, the Minister of Economy & Commerce in the Government of National Unity.