Today, Thursday, August 7, 2025, Dr. Ali Mahmoud Hassen, Chairman and CEO of the Libyan Investment Authority, convened a meeting with Eng. Masoud Suleiman Mousa, Chairman of the National Oil Corporation, at the NOC’s headquarters in Tripoli.
During the meeting, both parties discussed avenues to support and develop several joint oil projects undertaken by the two institutions, specifically the Sirte Bay Project, the Ghadames Basin, and the Al-Hamada Al-Hamra Project. Emphasis was placed on the importance of these projects in increasing oil production rates and bolstering the economic returns for Libya).
This meeting reflects the ongoing efforts taken by both institutions to strengthen integration between the investment sector and the energy sector, and to align their visions towards better investment of national resources, thereby serving the objectives of sustainable development and enhancing Libya’s position in global markets.