The National Oil Corporation of Libya is planning to apply to the Central Bank of Libya for a loan to finance its strategy to expand production and increase operational capacity. NOC Chairman Masoud Suleiman confirmed the corporation has a clear plan to secure the necessary funding, explaining that additional capital will come from investors interested in the Libyan oil sector.
Suleiman added that more than 40 companies have expressed interest in the public tender launched by the NOC for the exploration and development of hydrocarbon resources. He emphasized that Libya is now a very stable country and that the doors are open to international investors, signaling a new chapter of confidence in the North African nation’s oil sector following years of political instability.
Source: libyaobserver.ly