The Libyan British Business Council (LBBC) organized a business delegation to Tripoli from 8 to 9 November. The LBBC said the delegation was made up of 30 businessmen and women eager to strengthen their existing relationships with businesses in Libya.
The delegation was sponsored by Bank ABC, BACB, Eltumi & Co and Wazen Oil Services with the support and cooperation of the British Embassy.
The main day of meetings consisted of four main panels.
The energy panel began with a keynote presentation by NOC Chairman Farhat Ben Gadara, who outlined his priorities: increasing oil production, focusing on gas, restructuring the NOC and strengthening environmental protection. environment. He also announced the imminent lifting of force majeure on new explorations. The panel then discussed legal, financial and administrative issues related to engagement with the crucial hydrocarbon sector in Libya.
The banking panel began with an introductory presentation by the Governor of the Central Bank, Saddek El Kaber, then addressed a series of important questions for companies interested in the functioning of the banking and financial sectors in Libya and the best ways to ensure the prompt payment of contracts.
The third panel on the private sector heard several interesting presentations from a leading private sector company, AlSahl and LIPTIC, then discussed how companies can best develop stronger relationships with Libya’s burgeoning private sector. , in particular on oil services, education, training and health. .
The fourth panel on training and visas discussed the importance of issuing visas for business visitors and the NOC welcomed the significant progress made in issuing visas to NOC students to study in the British universities.
Delegates also attended a reception hosted by British Ambassador Caroline Hurndall where they met a wider group of Libyan businessmen and women.
LBBC President, Peter Millett said: “I am delighted that the LBBC is here in Tripoli for the first time in 8 years and has received an extremely warm and encouraging welcome from Libya’s economic institutions and business sector. . We will build on this important departure and aim to visit Benghazi in the near future and return to Tripoli next year with another important delegation. In short, British companies are ready to help rebuild Libya’s infrastructure, help modernize the energy sector and engage with the private sector in Libya.
The LBBC also welcomed the launch of the new British Libyan Business Association, a group of local businesses and looks forward to working with their Libya-based network.
