Masoud Suleman Urges Gas Industry Investment to Power Local Market and Boost Exports
The Chairman of the Board of Directors of the National Oil Corporation (NOC), Engineer Masoud Suleman, said the cornerstone of NOC’s vision for developing gas industry projects is to increase investment and launch new initiatives to further strengthen the gas sector. The goal is to secure reliable supplies for the local market and meet its growing energy needs.
In his speech at the opening of the second edition of a technical workshop on the “Strategic Vision of the NOC for Natural Gas Development Projects in Libya,” Suleman renewed his call for international companies to invest in this vital sector. He stressed the need to form strong partnerships that expand both onshore and offshore exploration to bring discoveries to the level of proven reserves. He added that these efforts would help create a more attractive investment climate, support the transfer of expertise, and create new opportunities for Libya’s private sector and national workforce.
He also affirmed the NOC’s continued commitment to international agreements on emissions reduction. He pointed to the operational progress made in cutting gas flaring and said the NOC would continue working with international partners to achieve the goal of near-zero gas flaring, in pursuit of national interests and mutual benefit.
He explained that the workshop was organized as a follow-up to the success of the first edition and in response to expert recommendations, to review the NOC’s plans for managing gas reserves estimated at about 53 trillion cubic feet.
The second edition of the workshop began Monday, July 20, 2026, at the Corinthia Hotel in Tripoli. It was attended by the Minister of Oil and Gas, Dr. Khalifa Abdul Sadiq, members of the NOC board of directors, chairmen of oil company boards, representatives from international companies, directors of relevant departments within the NOC, and a select group of international experts.