On July 28, 2022, the US- Libya Business Association hosted a meeting with Dr. Mahmoud Fataisi, Chairman of Libya’s National Economic and Social Development Board (NESDB). Dr. Fataisi provided an overview of the NESDB’s current programs and presented the organization’s vision for inclusive growth and development in Libya. Participants discussed strategies to improve Libya’s business climate and shared their experiences in Libya. The committee discussed ways to enhance commerce between the United States and Libya.
ConocoPhillips and Meridian International hosted a productive discussion on the future of Libya’s oil and gas industry with an esteemed group of Libyan Oil and Gas professionals. The event was held on the auspices of the State Department Near Eastern Affairs International Visitor Leadership Program, and the US-Libya Business Association is appreciative of the opportunity to participate.
The discussion centered around the current state of Libya’s oil and gas industry and the opportunities and challenges that exist. The participants shared their experiences and insights on the industry, providing a valuable perspective on the current situation in Libya and the potential for growth and development.
The event was an important opportunity for Libyan Oil and Gas professionals to engage with their international counterparts and exchange ideas on best practices and innovations in the industry. It also provided an opportunity for Conoco Phillips and Meridian International to demonstrate their commitment to supporting the growth and development of Libya’s oil and gas industry.
On Friday, April 29, USLBA hosted a productive roundtable with senior USG officials and leaders from the US private sector to discuss the implementation of the Global Fragility Act in Libya to prevent conflict and promote stability. The meeting included Bureau of Conflict and Stabilization Operations Deputy Assistant Secretary, Matthew Steinhelfer; USAID’s Deputy Assistant Administrator for the Middle East, Megan Doherty; and Bureau of Near Eastern Affairs Deputy Assistant Secretary for North Africa, Karen Sasahara. USLBA is grateful for their time and invaluable insights.
The Global Fragility Act is a forward-thinking strategy that aims to address many of the underlying factors of instability in Libya. USLBA looks forward to future engagements that promote our shared goals of conflict prevention, stabilization, and support for Libya’s youth and disadvantaged populations.
On April 21, the US-Libya Business Association hosted US Special Envoy and Ambassador to Libya Richard Norland for a roundtable meeting in Washington, D.C. to discuss current political and economic events impacting US-Libya ties. Our members expressed concern about political uncertainty, mobilization of militias + O&G disruptions that cast a shadow over Libya’s business environment & damage the quality of life of the Libyan people.
USLBA members also focused on Libya’s huge potential for economic growth. US companies want to help develop and grow Libya’s rich energy resources as well as new opportunities in emerging sectors – including finance, telecommunications, & information technology – to spur broad economic development, reconstruction, & create jobs for the Libyan people. USLBA reaffirmed its commitment to finding innovative solutions & improving Libyan access to US expertise to tackle Libya’s greatest challenges. USLBA thanked the US Embassy Libya External Office for strengthening the US-Libya business ties that can help the Libyan people achieve their county’s potential.
On March 10th, 2022 USLBA hosted a meeting with Libya’s Central Bank Governor Saddek Omar ElKaber and his accompanying delegation in Washington, D.C The Governor provided updates on the unification process of the Central Bank, and his efforts to protect and stabilize the Central Bank in times of political instability.
Participants expressed a desire to see more American companies enter the Libyan market in vital sectors such as healthcare, infrastructure development, and oil and gas. USLBA is glad to have had the opportunity to meet with Governor ElKaber, and we look forward to continuing a dialogue with Libya’s Central Bank. For more information see the CBL’s tweet about the event.
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!
On Thursday, October 12, 2017, the U.S.-Libya Business Association (USLBA) hosted a roundtable discussion at the National Foreign Trade Council (NFTC) with the Governor of the Central Bank of Libya (CBL) Sadiq al-Kabir and his delegation, including Tarik Yousef al-Magriaf, a member of the CBL Board of Directors and Kabir’s top adviser. Governor Kabir addressed the wide variety of challenges and opportunities that are currently facing Libya.
USLBA Meeting with DAS Wooster
January 29, 2020
USLBA Meeting with CBL Governor Saddek ElKaber
October 22, 2019