The National Oil Corporation (NOC) has met with the Malaysian company Bionas to better understand how the latest technological advances can be applied to the extraction of biofuel from the Jatropha tree to help combat desertification, as well as providing an additional renewable energy source. Such energy sources can be used to support the economies and UN sustainable development programmes in the Great Green African Belt region (from the Red Sea in the East to the Atlantic Ocean to the West of the continent). The Malaysian company also showcased technology used in the processing of sewage and water associated with the oil production process, thereafter converted to alternative energy and agricultural fertilizer, both contributing to addressing problems associated with global warming.
NOC is implementing new measures to enhance industrial security in Libya’s oil sector, following a meeting between security directors from NOC and ten international oil companies (IOCs), held in Tripoli on Monday May 14, 2018. Among those attending the meeting were directors of NOC industrial security departments, Zulaf Libya Company, and IOC’s including OMV, Schlumberger, Repsol, Wintershall, the Polish Oil and Gas Company, Total, STATOIL, Suncor, Baker and ENI.
A high-level forum with leading British companies is being held today in Aberdeen, Scotland, in association with the Libyan-British Business Council and Oil and Gas UK. This conference is a continuation of NOC’s ongoing efforts to encourage international investors and companies to return to Libya, to assist in the enhancement of production life cycles, and oil and gas exploration.