Libya’s NOC Signs Massive $235 Million Deal with US Firm as Energy Cooperation Deepens
Libya’s National Oil Corporation (NOC) has inked a major $235 million infrastructure agreement with American firm Hill International, marking a significant milestone in US-Libya energy relations. The deal was signed at NOC headquarters in Tripoli in the presence of US President Donald Trump’s advisor for African affairs, Massad Boulos, who revealed plans for additional major agreements.
Boulos announced that two more significant deals are in the pipeline, including a Memorandum of Understanding between NOC and energy giant ExxonMobil. A second agreement, currently in final preparation stages, involves partners of Libya’s Waha Oil Company, including American firm ConocoPhillips, for the development of Waha oil fields with investments worth millions of dollars.
The Hill International partnership specifically targets modernizing and boosting gas production and exports, supporting NOC’s broader infrastructure modernization efforts. The agreement comes as part of Libya’s push to enhance its energy sector capabilities, with the deal enabling exploratory studies in offshore gas zones.
During his visit to Tripoli, Boulos met with Prime Minister Abdulhamid Dbeibeh, who presented a $70 billion economic partnership proposal between Libya and the United States. The advisor also held discussions with Presidential Council Chairman Mohamed Menfi, signaling high-level political backing for the expanded energy cooperation.
These developments represent a significant shift in US-Libya energy relations, with American companies positioned to play major roles in Libya’s energy sector modernization and expansion efforts.
Sources: libyaobserver.ly
