On October 5th, 2022, the US-Libya Business Association (USLBA) Executive Director, Lydia Jabs, met with Libya’s Minister of Oil and Gas, H.E. Mohamed Oun, on the sidelines of the Africa Oil Week conference held in Cape Town, South Africa. During their meeting, they discussed various ways to strengthen US and Libyan ties in the oil and gas sector.
The discussions highlighted the opportunities and challenges that exist in the oil and gas industry of Libya. They acknowledged the importance of the US-Libyan partnership in developing and expanding the sector, which has been one of the driving forces behind Libya’s economy.
The meeting emphasized the potential for US businesses to invest in Libya’s oil and gas sector and the benefits that would bring to both countries. It also discussed the need to establish stronger relationships between US companies and Libyan counterparts to enable partnerships that would improve technology transfer, and capacity building, and create job opportunities.