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News.. Financing Six Investment Projects in Libyan Oil and Gas (10.4.2004)
 

The meeting was attended by the secretary of the Libya's General People's Committee, the assistant secretary of the committee, the secretaries of the General People's Committees for Planning, Economy, Trade and Energy, the governor of the Central Bank of Libya and the secretary of the National Oil Corporation as well as a number of experts and specialists in oil and investment affairs.

The participants discussed the ways and means to implement these six investment projects by borrowing from domestic national resources.

General Peoples Committee sources revealed that convening this meeting of the secretariat on this respect, comes after feasibility studies conducted on these projects showed encouraging economic potential, warranting their implementation, financing and speeding up their execution through domestic borrowing.

The source indicated that the total implementation cost of these projects was 3642 million dinars . The projects are:

- Development of oil discovery project .. MN (186) Murzeq basin.
- Development of oil discovery project N (86) D ..Murzeq basin.
- Expanding the coastal gas supply network.
- Development project of the eastern region of al- Bury oil rig.
- Project for the development of the Feel field in the M.N 174 region at Murzeq basin.
- Gas development project in the West of Libya.

 

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