Dutch Oil and Gas Company seeks resuming operations in Libya.

Catogory : Market Report

Dutch Oil and Gas Company “Rosen” has expressed interest in resuming operations in Libya and cooperating with the Arabian Gulf Oil Company.

This came during a meeting which included a delegation from the Dutch company, the management committee of the Arabian Gulf Company, the sales manager of Rosen, and the director of the company’s branch in Libya.

Several oil companies have expressed their desire to resume work in the country following the recovery of Libyan oil production and increase in the 2018 revenues.

This comes after Libya’s National Oil Corporation (NOC) announced that it had recorded $24.4 billion in revenues in 2018.According to an official statement by NOC, the company’s total revenues for 2018 were 78 per cent higher than what was achieved in 2017, registering the highest earnings level in five years.

Sanalla welcomed the prospect of Dutch companies, particularly Royal Dutch Shell, returning to Libya and their potential impact on Libyan oil sector development. “We are seeking to expand our cooperation with Dutch energy companies, renowned for their long-standing expertise in the oil and gas industry – particularly in the fields of exploration and development.”