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The Algerian fuel company Sonatrach announced – today, Tuesday – that it has begun making arrangements to resume its activity in Libya after it left years ago due to the deteriorating security situation.
A company statement stated that a high-level delegation from Sonatrach arrived in the capital, Tripoli, to begin arrangements for the resumption of the company’s activities in Libya, in partnership with the Libyan National Oil Company.
The statement said that this visit falls within the framework of “demarcating the process of resuming the activities of the Sonatrach complex in Libya, after a hiatus that lasted for several years.”
Sonatrach pointed out that a high-level team consisting of experts and specialists from both parties will work to implement the technical aspects of resuming Sonatrach’s activity, during the work meetings scheduled to be held tomorrow, Wednesday.
For his part, Farhat Ben Qaddara, head of the Libyan National Oil Corporation, welcomed the return of Sonatrach in a separate statement, stressing the corporation’s readiness to remove obstacles facing the company and appoint specialized teams to follow up on its work.
On December 5, the Libyan National Unity Government announced the lifting of the state of “force majeure” on oil and gas exploration operations in Libya. A few days ago, Sonatrach announced its imminent return.
Sonatrach suspended its activity in Libya for the first time in 2011, and returned to activity in 2012, before stopping again in 2015 due to the deterioration of the security situation in the country.
In 2022, Sonatrach and the Libyan National Oil Corporation signed a memorandum of understanding allowing the Algerian company to resume its activity in Libya after a hiatus that lasted for years.
