MUSCAT – The agreement was signed in Tripoli between OQ Exploration and Production and the Libyan Investment Authority, marking a new step in expanding economic and energy ties between the two countries.
The memorandum was signed on behalf of OQ Exploration and Production by Ashraf bin Hamad Al Mamari, Chairman of the company’s Board of Directors, and by Dr. Ali Mahmoud Hassan, Chairman and CEO of the Libyan Investment Authority. The signing ceremony was attended by Abdul Hamid Dbeibah, Head of the Government of National Unity of the State of Libya.
The MoU establishes a strategic framework for identifying and developing joint investment opportunities in oil and gas exploration and production activities in Oman, Libya and international markets. The partnership is expected to support the growth ambitions of both parties while creating long-term economic value through enhanced cooperation in the energy sector.
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