Following the success of Oil & Gas Libya 2013, plans for the sixth event in the series – Oil & Gas Libya 2014 – are set for 12-15 May 2014 at the Tripoli International Fairground under the joint patronage of Libya’s Ministry of Oil & Gas and National Oil Corporation (NOC).
Confidence in the long-term future of Libya’s oil and gas sector continues with NOC’s oil production target set at 2.2mbd by 2020 and gas output set to increase from its current level of 12.0bcm to 15bcm.
Libya has ambitious plans for its economic development backed by long term budgets totalling US$500 billion over the next 25 years. This will be spent on the regeneration and construction of the country’s infrastructure starting with the upgrading of existing vital services such as telecommunications, power, water and transportation, all of which are sectors vital to the modernisation and expansion of Libya’s oil and gas industry.
The 2013 edition of Oil & Gas Libya which was officially opened by Libya’s Oil Minister Dr Abdulbari Al-Arusi attracted over 3,000 oil industry professionals who visited the exhibition to meet with 120 exhibitors from 18 countries. Major national exhibit presentations included France, led by Total in association with GEP, France’s oil industry organisation; Turkey, led by Turkish Petroleum Corporation; and China, led by China Petroleum Technology and Development Corporation. 90% of exhibitors achieved their participation objectives and are planning to return to Oil & Gas Libya 2014 in order to maintain the momentum of their market development.
Libya is calling on the international export community to bring much needed technology and expertise to revitalise its energy sector including exploration, production, pipelines, refining & petrochemicals, HSE and training. The development and growth of Libya’s oil sector is dependent on general infrastructure development which also provides opportunities for international exporters of technology and expertise in a wide range of sectors including building & construction, power & electricity, transport & communications and water & environment.
Be part of Libya’s economic re-generation and make your plans now to participate in Oil & Gas Libya 2014.