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- Africa Insight Committee
*Location details to be made available upon completed registration
Even in the face of current challenges, Libya presents huge commercial prospects. The needs of the population, combined with vast natural resources, create many opportunities for builders, suppliers, transporters and manufacturers, providing a fertile landscape for U.S. businesses to explore new relationships, build new operations and develop mutually beneficial business connections.
The Bilateral Chamber is pleased to invite you to attend a timely, executive briefing, featuring a keynote address by Mustafa Sanalla, Chairman of the National Oil Corporation, Libya, and a special U.S. Stakeholder perspective by Adel Chaouch, Director- Middle East/North Africa, Marathon Oil Corporation.
Mr. Chaouch. Director, Middle East and North Africa of Marathon Oil Company, also serves as Chairman of Waha Oil Company’s (WOC) Second Party Consortium, a joint venture between Marathon, ConocoPhillips, Hess and the Libyan National Oil Company.
Originally established in 1956 as the Oasis Oil Company, now WOC is one of the largest concession agreements in Libya operating 19 concessions with production capacity of over 350,000 barrels/day. The concession areas cover approximately 13 million acres. There are four main producing areas with over 1,000 wells operated by WOC. Currently, due to damages caused during the civil unrest, WOC is producing only around 75,000 barrels/day and plans to ramp up to its full capacity over the next 18 months.
Along with WOC, Libyan authorities and stakeholders are determined to increase their daily production, restore their infrastructure, enhance exploration capabilities and secure their oil fields and ports. Cognizant of the fact that they can’t achieve these goals alone, they are eager to promote outside investment creating a fertile ground for US companies looking to enhance or expand their presence in North and Sub-Saharan Africa markets.
In partnership with the Libya Ministry of Oil & Gas and the Libya National Oil Corporation, this program offers a rare opportunity to engage with Chairman Mustafa Sanalla on U.S. soil. As challenging as the current condition of the country may be, it is the express and mutual interest of all Libya stakeholders – from Libyan authorities, to industry and private-sector constituents, to policy makers and Libya’s own population – that the momentum of dialogue and multilateral information exchange be maintained while the country continues to work towards stabilization.
For more information on sponsorship opportunities, please contact us at: firstname.lastname@example.org. Sponsors of this program have the opportunity to interact personally with the Chairman and that opportunity far exceeds the financial investment associated with supporting the Chamber via program sponsorship.