Lana News
Libyan News Agency
Latest News

Shell intends to return to its operations in Libya, after it left in 2012.

Pulbished on:

London, December 3, 2021 (LANA) - Talks are taking place on the Wall Street Stock Exchange in New York, circulating what was published by Reuters about the intention of multinational "Royal Dutch Shell", returning to Libya with a plan to develop new oil and gas fields and infrastructure in addition to a solar energy project, after it had left Libya in 2012.

The details of the company's plan, which it discussed with the National Oil Corporation, include its attempt to invest in oil and gas, in several blocks in the onshore Sirte and Ghadames basins, in addition to the Cyrenaica maritime basin, after its tendency to reduce investment in fossil fuels and reduce greenhouse gas emissions, according to Reuters.

The British Oil Company has also proposed redeveloping old fields such as block NC-174 in the Murzuq Basin, and developing new fields, including the Ain al-Jerbi field.

The plan includes, according to Reuters, the development of a solar energy project south of the Sirte Basin, as part of Shell's strategy to reduce oil production up to 2% annually by the year 2030, and increase investment in renewable energy sources and low-carbon technologies to compensate for 25% of its budget by 2025.

=Lana=