The Chairman of the Board of Directors, Eng. Mustafa Sanalla, met this morning, Monday April 19, 2021 at the headquarters of the National Oil Corporation (NOC) in Tripoli, with the Vice President of the Global Marketing Department of “Hyundai Engineering and Construction”, Mr. Joe Sangoon, in the presence of the Members of the Board of Directors, Abulgasem Shengeer and Alamari Mohamed Alamari and Mr. Najmi Karim, Director of Maintenance and Projects Department at NOC in addition to Assistant Business Manager at Hyundai Company Libya Branch, Mr. Abdul Raouf Ghoula.
After words of welcome, Mr. Jo Sangoon gave a brief overview of the company’s activities and future plans, and its intention to implement projects in the African region, explaining that the reason for his visit today to the National Oil Corporation is the enthusiasm of Hyundai to return to work in the Libyan oil sector, as it had previously implemented a number of successful projects in Libya, most notably its contribution to the West Libya Gas Project (Mellitah Industrial Complex) in a consortium with the former Italian company, Snamprogetti.
For his part, the Chairman of the Board of Directors, Eng. Mustafa Sanalla, gave an overview of the Libyan oil sector, explaining that it is a promising sector, and that NOC has major projects in the development of the oil and gas industry, especially after the stability of the situation in Libya, and the return of production rates to a very good levels. He also indicated that the opportunity is now appropriate for the return of large international companies to Libya to invest again and participate in the development. He also encouraged Hyundai for seizing this opportunity to return to Libya, to participate in the infrastructure projects and rehabilitation of the damaged facilites which was exposed to previous wars and closures.
Eng. Sanalla also confirmed that Hyundai has the opportunity to participate in the rehabilitating of the Libyan oil sector as well as contributing to many other projects that the National Oil Corporation is planning to implement.
At the end of the meeting, it was agreed to continue communication and continuous coordination between Hyundai and the Maintenance and Projects Department of the National Oil Corporation, being the technical department concerned with following up of the implementation of development projects and maintenance projects at the sites of various oil companies.
