“Shakshak” discusses with “Bin Qaddara” the Hamada field project NC7 for investment in the gas field

During a meeting today, Monday, with the head of the National Oil Corporation, Farhat Bin Qaddara, the head of the State Audit Bureau, Khaled Shakshak, discussed the Hamada field project, NC7, for gas investment, in addition to the fuel crisis and its smuggling outside the country.

“Shakshak” pointed out the necessity of verifying the suitability and feasibility of the projects and the extent of the institution’s possibility and readiness to implement them with self-financing, which requires more transparency and disclosure and taking sufficient time to study in order to reach a common understanding about them.

Bin Qaddara explained the backgrounds that led to the search for an external investor to complete some strategic projects, explaining that investment in this field requires huge financing and an appropriate flow of financial flows, which the institution may be unable to fulfill in light of the current economic conditions, which is what led the institution to Searching for stable foreign investment, due to its conviction of the necessary and urgent need to enter into new projects in the field of oil and gas, stressing its commitment to the observations of the Bureau and its keenness to implement its recommendations.

The meeting also touched on the discussion of the agreement to develop the two gas fields signed between the Italian company Eni and an oil company in late January of last year, and the agreement for the South Refinery project to be established in the city of Ubari, which was signed between the Zallaf Libya Company for Exploration and Production of Oil and Gas and the Honeywell UOP consortium. American, in addition to the Ras Lanuf refinery project and its return to work, touching on the obstacles preventing its operation.

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