TRIPOLI (LYBIA) (ITALPRESS/MNA) – Libya’s Minister of Oil and Gas, Khalifa Abdelsadeq, held high-level talks with Malta’s Ambassador to Libya, Charles Saliba, to deepen bilateral ties and explore new avenues for cooperation in the oil, gas, and energy sectors.
The meeting comes as Libya seeks to reinvigorate its energy industry and attract fresh foreign investment. According to a statement from Libya’s Ministry of Oil and Gas, discussions centered on Libya’s ongoing licensing round for oil and gas exploration, which offers new opportunities for international companies.
Both sides emphasized the potential of leveraging long-standing Libya-Malta relations to open up fresh horizons for collaboration in the energy space. Minister Abdelsadeq reiterated Libya’s openness to foreign investors, noting that the National Oil Corporation (NOC) aims to raise national oil output to two million barrels per day.
“This ambitious target,” he said, “presents significant opportunities for global partners looking to engage in Libya’s energy revival.” In a move to solidify economic collaboration, Abdelsadeq invited the Maltese embassy to coordinate with private sector entities in both countries to host a joint economic forum.
The proposed event is expected to provide a platform for experience-sharing, networking, and forming strategic partnerships within the energy industry. The talks follow Libya’s recent announcement of its first public bidding round for exploration and drilling since 2007. Launched in March by the NOC, the round includes 22 blocks—11 offshore and 11 onshore—spread across central and southern Libya.
The initiative is seen as a critical step in revitalizing the country’s oil sector and reaffirming Libya’s position as a key energy player in the Mediterranean region. The ongoing Libya-Malta dialogue underscores growing international interest in Libya’s untapped energy resources and highlights the country’s efforts to reemerge as a reliable energy partner on the global stage.
-Photo IPA Agency-
(ITALPRESS).
