Lana News
Libyan News Agency
Latest News
LANA Al-Abed discusses with the Palestinian Minister of Labor enhancing cooperation in the fields of labor and employment
LANA Al-Juwaifi participates in the meeting of the Executive Office of the Council of Arab Youth and Sports Ministers in Iraq
LANA Al-Abed discusses with his Turkish counterpart enhancing cooperation between the two countries in the field of labor mobility
LANA The Central Bank's Board of Directors holds its first meeting of 2025 in the city of Derna
LANA Berndt congratulates (Masoud Suleiman) on achieving production of (1.4) million barrels of oil per day
LANA Ministry of Foreign Affairs receives a copy of the credentials of the Ambassador of the Republic of Burundi to Libya.
LANA Electoral Commission receives candidacy applications.
LANA Al-Abed discusses with his Qatari counterpart enhancing cooperation and coordination in the fields of work and rehabilitation
LANA The Ministry of Foreign Affairs discussing the return of the Austrian embassy to Tripoli
LANA The Interior Ministry and the European Union Mission discuss enhancing border security.

Sonatrach will resume its activities in the Libyan oil sector soon.

Pulbished on:

 Algiers, 3 January 2022 (Lana) President and General Director of Algeria's National Oil and Gas Group (Sonatrach) Tawfiq Hakkar revealed on Sunday that the company is preparing to resume its stalled oil projects in Libya, APS reported.

 Hakkar said in an interview with Algeria International Channel (L24) that the company is working with its partners in Libya, to create conditions for return to Libya, to ensure security and safety of workers and equipment, adding that visits will be organized before the end of February to negotiate the return of Sonatrach to Libya.

In an interview on Sunday, Hakar added that Sonatrach plans to invest an estimated $40 billion in the energy sector between 2022 and 2026.

Hakkar said the largest share of these investments will be directed to exploration and production, in order to maintain national production capacities. About 95 percent of Algeria's foreign revenue comes from oil and gas sales.

"We have made significant investments in oil and gas exploration and will not leave these explorations undeveloped, and in 2021, Sonatrach's oil and gas exports amounted to more than $34.5 billion, up 70 percent from the previous year," he said.

=Lana=