No Result
View All Result
Friday, October 17, 2025
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Business

Sanalla holds Houston meetings in US$ 60-billion procurement drive to increase Libya’s oil production to 2.1 mbpd by 2023

bySami Zaptia
May 10, 2019
Reading Time: 2 mins read
A A
Sanalla holds Houston meetings in US$ 60-billion procurement drive to increase Libya’s oil production to 2.1 mbpd by 2023

Libya's NOC chairman Mustafa Sanalla in Houston meeting US companies as part of (Photo: NOC).

By Sami Zaptia.

Libya’s NOC chairman Mustafa Sanalla in Houston meeting US companies as part of US$ 60-billion procurement drive aimed at increasing oil production (Photo: NOC).

London, 10 May 2019:

Libya’s National Oil Corporation (NOC) chairman, Mustafa Sanalla, held a series of meetings earlier this week in the US city of Houston as part of the NOC’s US$ 60-billion procurement drive.

The NOC said Sanalla is holding several meetings with leading US companies and counterparts to discuss the technology and expertise needed to achieve the corporation’s stated production target of 2.1 million barrels per day by 2023.

Sanalla met with Caterpillar’s EMEA director, Mr Mikhail Potekhin, to review the company’s activities in Libya, including a US$ 150-million contract for its subsidiary Solar Turbines for power generation equipment, in addition to future potential cooperation and projects with NOC operating companies.

RELATED POSTS

National Oil Corporation discusses prospects for technical cooperation with America’s Halliburton

Initial phases of operation of Ras Lanuf Ethylene Plant begin following plant shutdown since February 2025

The NOC chairman also met with Mr John Wallace, CEO and chairman of DeGolyer and MacNaughton, a global petroleum consulting company, to discuss possible cooperation and study of Libyan field reservoirs, field development, reserve evaluation, and overall technical assistance to NOC subsidiaries.

The NOC delegation included several leading managers of NOC subsidiaries and the general manager of NOC’s Houston office.

It will be recalled that Sanalla had announced in the US in 2017 that his corporation will open an office in Houston, Texas, as part of its ambitious US$20 billion spending programme to restore the country’s production capacity over the next three years.

Sanalla was speaking at the Transatlantic Economic Forum, hosted by the US Chamber of Commerce and John Hopkins School of Advanced International Studies.

Explaining the rationale for the office, Sanalla had said that ”The Houston office puts America’s world-class equipment manufacturers and oil field service providers at the centre of our purchasing strategy,” said Sanalla. ”And it will locate NOC’s only external office at the heart of the US oil industry. Nobody should underestimate what an important strategic choice this is for us.”

 

 

https://www.libyaherald.com/2017/11/16/noc-to-open-houston-purchasing-office-to-support-us-20-bn-spending-programme/

 

 

Tags: featuredHoustonNOC chairman Mustafa SanallaNOC National Oil Corporationoil production

Related Posts

CBL receives results from meetings with international banks
Business

CBL signs cooperation agreement with World Bank within Reserves Advisory and Management Programme (RAMP)

October 16, 2025
Business

“Enhancing the Interaction between Finance and Entrepreneurship” workshop held in Misrata

October 16, 2025
CBL receives results from meetings with international banks
Business

CBL and IMF discuss pivotal role played by the CBL to get Libya out of its decades-long crisis

October 16, 2025
Economic Conference on Diversifying Sources of Income held in Tripoli
Business

Economic Conference on Diversifying Sources of Income held in Tripoli

October 15, 2025
LBC leading delegation to Miami for America’s Food and Beverage Show – 18 to 20 September
Business

LBC to hold virtual workshop with IsDB on export mechanisms and access to international markets

October 15, 2025
Use of card and e-payments on the increase – helping to resolve Libya’s bank cash liquidity problem
Business

Traders warned of failure to use e-payments ahead of clampdown by Municipality Guards

October 15, 2025
Next Post

NOC’s five-year strategy of 56 major projects include drilling 108 test and development wells: Sanalla

Tripoli fighting continues as Serraj diplomatic tour reaches Brussels

Tripoli fighting continues as Serraj diplomatic tour reaches Brussels

libyaherald-Ads

Top Stories

  • Atletico Madrid win Benghazi’s Reconstruction Cup after beating Inter Milan 4-3 on penalties – great political showpiece for Hafter

    Atletico Madrid win Benghazi’s Reconstruction Cup after beating Inter Milan 4-3 on penalties – great political showpiece for Hafter

    0 shares
    Share 0 Tweet 0
  • Emirates Airlines security delegation visits Tripoli to begin Mitiga Airport inspection tour

    0 shares
    Share 0 Tweet 0
  • After its withdrawal from circulation of certain banknotes, CBL reveals that currency printed unofficially in Russia totalled to 6.5 billion dinars

    0 shares
    Share 0 Tweet 0
  • National Oil Corporation discusses prospects for technical cooperation with America’s Halliburton

    0 shares
    Share 0 Tweet 0
  • Economic Conference on Diversifying Sources of Income held in Tripoli

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

CBL signs cooperation agreement with World Bank within Reserves Advisory and Management Programme (RAMP)

“Enhancing the Interaction between Finance and Entrepreneurship” workshop held in Misrata

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.