Month: November 2021
USLBA ED Speaks at Energy and Economic Summit in Tripoli
On November 21, 2021, USLBA Executive Director Lydia Jabs arrived in Libya for consultations and to participate in the Energy and Economic Summit hosted by Energy Capital and Power at the Corinthia Hotel in Tripoli. Throughout the conference, the Libyan government pledged to encourage private investment in both the energy and non-energy sectors through enhanced regulatory frameworks, business practices, and goals for economic reform. For their part, participating companies encouraged Libya to take steps to realize the potential of its vast oil and gas reserves while utilizing modern technologies to minimize negative impacts on the environment. With further progress on political stability and security, Libya can become a strong regional player with a dynamic energy sector at the core of its economy.
On the second day of the conference, Lydia Jabs gave a short introduction about the US-Libya Business Association and the appetite and environment for foreign investment in Libya.
USLBA was proud to be a strategic partner for this exciting event, we look forward to attending again next year!
USLBA Members Virtual Meeting with Ambassador Norland
The U.S.-Libya Business Association (USLBA) held a virtual meeting with U.S. Special Envoy to Libya and Ambassador to Libya Richard Norland on November 16, to discuss the latest developments in Libya, the path to national elections, and measures to support US and other foreign investment while also cultivating a healthy business climate in Libya for the benefit of all Libyans. Central to the discussion, all parties emphasized the importance of preserving the unity of the oil sector, keeping it away from disputes, and attracting investment to strengthen the national economy.
Member firms of the USLBA are optimistic that long-term political stability will help expand economic links between the United States and Libya and achieve the immense potential of our nations’ relationship.
USLBA is grateful for the opportunity to collaborate with Ambassador Norland and the U.S. Embassy Libya External Office to strengthen our member companies’ long-term commitment to the Libyan people in their efforts to rebuild and diversify the Libyan economy, create jobs, and provide a sustainable future for Libya’s youth.