Advisor Mustafa Al-Manea affirmed that the signing of a strategic agreement between the National Oil Corporation (NOC), through its subsidiary Mellitah Oil & Gas, and U.S.-based Hill International, in the presence of U.S. Presidential Senior Advisor for African Affairs Massad Boulos, represents a major milestone in the development of Libya’s energy sector.
Al-Manea explained that the project, valued at approximately $8 billion, aims to develop the offshore gas structures A and E at the Mellitah Gas Complex and implement advanced Carbon Capture and Storage (CCS) technologies supported by the World Bank. The initiative is expected to reduce emissions by around 3.5 million tons annually and increase Libya’s gas production to 750 million cubic feet per day by 2027, a 42% boost from current levels.
He emphasized that this agreement reflects growing international confidence in Libya’s investment climate and demonstrates the capability of national institutions to lead world-class energy projects. It also strengthens Libya’s position as a reliable energy supplier to European markets and supports the state’s plans to diversify its economy and achieve long-term sustainability.
