imported 2024-03-17 17:43:07
Eng. Usama Siala, Minister of Communications and Informatics of Libya, talks about the new telecommunication law and independent telecom regulatory authority. According to Siala, the priority of the ministry is to promulgate the new telecom law that would allow for an independent TRA and greater involvement of the private sector in the telecom industry.
Dr. Nuri A. Berruien, Chairman of the Board of National Oil Corporation (NOC), discusses the future for National Oil Corporation, the largest oil company in Libya. With the fall of the Qaddafi regime, “For the first time, we have been operating differently from the past. NOC has greater independence, unlike in the past under the old regime when the government would interfere with the industry and make dictates that are not conducive to a good business environment. This is all gone,” explains Dr. Berruien.
Dr. Nuri A. Berruien, Chairman of the Board of National Oil Corporation (NOC), talks about oil in Libya and oil production in Libya. According to Dr. Berruien, “National Oil Corporation has technically exceeded 1.6 million barrels of oil per day but in actuality we are averaging about 1.5 million barrels of oil per day because of some strikes which are affecting our oil production levels. We have established the capability to produce more than 1.6 million and hopefully by the end of the year, we will be close to 1.7 million barrels per day of oil.”
Abdulla A. Abouda, General Manager of ALMADAR Libya, discusses the corporate strategy and the CRS.
Abdulla A. Abouda, General Manager of ALMADAR Libya, discusses the telecom sector and the background. According to Abouda, Libyan telecom sector is still — to large extent — controlled by the government through the holding company.
One of the major challenges for airlines in Libya is the EU ban of flights from Libya. For the past few years the Libya’s Civil Aviation Authority (LYCAA) has been trying to revoke the bank that is putting the strain on both 2 local airlines. As a result of this, Libyan Airlines is currently wet-leasing aircraft and flight-deck staff to service its European routes.
Khaled Ben Alewa, CEO of Libyan Airlines, largest airlines in Libya talks about the reorganising, expanding, restructuring of the airlines and purchasing of new airplanes.
Suleiman Ali Al-Taif Al-Fitur, Libyan Minister of Industry, answers the question about competitiveness of Libyan industry. According to the minister, “Libya can be a great competitor in heavy industries, we have the example of the Misurata steel industry, we are competitive in cement, petrochemicals, refining, and power generation, for example solar and wind energy.”
Suleiman Ali Al-Taif Al-Fitur, Libyan Minister of Industry, talks about the role of industry in Libya. According to Al-Fitur, the new Libya recognizes the strategic importance of industry and plans to increase the role of industry in the GDP to 30% by 2030.
Eng. G.I. Guider, Chairman of the Privatization and Investment Board (PIB), discusses the level of FDI in Libya and type of FDI Libya is planning to attract.
