In a bid to appreciate partners who helped in the development of Libya’s oil and gas industry over the years, the Libyan National Oil Corporation (NOC) is to hold an awards ceremony to show their appreciation for their partners’ continuous support of Libya’s oil and gas industry. The Awards Ceremony of the NOC is to be held on 19th of October 2015, the first day of the 4th New Libya Oil and Gas Forum, organized by the International Research Networks (IRN).

 The Chairman of the NOC, Mustafa Sanalla (photo) will be awarding international oil companies in two categories namely: NOC Appreciation Award and Outstanding Lifetime Partnership Award. Meanwhile  speakers at the Forum will include the Chairman of Mellitah Oil & Gas (joint venture between ENI and NOC), the Head of Downstream Development, the Chairman of AGOCO (Arabian Gulf Oil Company), the Head of Exploration, the Head of Reserves, the Head of Planning, the Head of Cooperation, the Head of Technical Information and the Head of Marketing. The Former Chairman of the NOC Libya, Nuri Berruin will also be present at the Forum. International oil companies with long operations in the country such as BP will also be sharing their insights.

Libya holds a 3.4% (46.4 billion bo) of oil and 1.7% (54.7 trillion cft of gas) of world’s total gas; the highest volume in Africa according to the US Energy Administration and GeoExPro reports. These figures show why Libya has always been in the spotlight of the oil and gas industry.

At the 2015 Forum, the NOC Libya will present exclusive details and answer questions regarding production, new projects, regulations, fiscal regime, petrochemicals, security and future business opportunities. Providing businesses with the necessary information for their oil operations in Libya, the Forum will also include a workshop day with two sessions focusing on “Physical security and risk management in Libya” and “Relevant oil and gas regulations and petroleum law in Libya” Petroleum Africa reports.