Libyan-British Business Council Forum concludes meetings in Tunisia

The Libyan-British Business Council Forum concluded its sessions in Tunisia on Thursday, with the participation of more than 40 Libyan and British governmental and private institutions in various fields.

Participants included representatives of the Libyan Holding Company for Telecommunications, the Tripoli-based Central Bank of Libya (CBL), the National Oil Corporation (NOC), and the British-Libyan Business Council, the Libya Observer reports.

The forum was an opportunity for different economic, financial, and service institutions from both countries to meet and discuss issues of common interest, including the establishment of mechanisms to ensure alternative sources of income other than oil, and increasing the engagement of the private sector.

They also reviewed the economic reforms launched by the Presidential Council (PC) last year, and ways to enhance cooperation with British energy companies, the same source said.

Other topics were also on the table, such as issues related to the telecommunication sector, including the major challenges facing the sector and the need to improve infrastructure and the services provided, in addition to taking advantage of British companies, where a report was presented on the most important targeted projects in the telecommunications sector in the year 2020.

NOC Chairman, Mustafa Sanallah, revealed during the forum plans to increase oil production by 2024 to 2.1 million barrels per day, with a condition that $ 60 billion be spent on improving infrastructure.


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