Internal financing of six projects in oil and gas fields

"The secretariat of the General People's Committee held abroad meeting Sunday dedicated to discussing the ways and means to financing six investment projects in oil and gas fields" in Libya, the official news agency JANA reported yesterday.

The report said "The meeting was attended by the secretary of the General People's Committee, assistant secretary of the committee, secretaries of the General People's Committees for Planning, Economy, Trade and Energy, governor of Central Bank of Libya and secretary of the National Oil Corporation as well as a number of experts and specialists in oil and investment affairs."

The report added "The participants discussed the way and means to implement these six investment projects by borrowing from domestic national resources. General Peoples Committee's Sources revealed that convening this broad meeting of the secretariat on this respect, comes after feasibility studies conducted on these projects showed encouraging economic potential, warranting their implementation financing and speeding up their execution through domestic borrowing."