LCOG workshop on increasing private sector participation in Libya’s oil sector

[vc_row][vc_column][vc_empty_space height=”40″][vc_custom_heading text=”LCOG workshop on increasing private sector participation in Libya’s oil sector” font_container=”tag:h2|text_align:left|color:%23cc5e69″ css=”.vc_custom_1609432247770{margin-left: 15px !important;}”][vc_gallery type=”image_grid” images=”675″ img_size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]The Libyan Council for Oil and Gas (LCOG), a private sector lobby group that represents Libyan companies dealing with the hydrocarbon sector and part of the Libyan Businessmen Council will be holding a workshop at Tripoli’s Mahary Radisson hotel on 12 September from 9-3 pm.

The workshop entitled ‘‘Prospects of Cooperation between Private and Public Companies in the Field of Services and Oil Industries’’.

In reality, the discussion agenda between Libya’s private sector and the Libyan state and the NOC are still based on the 13 points that were the basis for their meeting back in 2013.

These were:

  1. Giving priority to local companies for tenders for projects then to JV companies then to out-and-out foreign-owned companies.
  2. Imports of goods for project tenders should be through the local agent/distributor for that brand.
  3. More transparency in the tendering process by NOC subsidiary companies.
  4. NOC training and development should be done through local training companies rather than directly via foreign-based companies.
  5. Increasing the rate of business given by the hydrocarbon sector to local companies, and ways to encourage the local sector to improve its capabilities and its local human resource capabilities and helping make the local sector more shielded from international trends.
  6. Enforcing law no (433) which limits the role and scope of work of foreign companies to Joint Venture projects and within the confines of the Joint Venture laws and regulations.
  7. Preventing foreign companies from participating in some tenders or projects which should be set aside solely for local companies.
  8. Tenders of equal technical specification but of 15% price difference should be given to local companies.
  9. Evaluating local Libyan companies on the basis of the experience of their Directors/Managers and not just the length of establishment of the company.
  10. Giving financial and other incentives to foreign companies that bid for large projects in a joint venture with a Libyan company as opposed to those that bid on their own.
  11. Making use of the experience of retired Libyan experts in the hydrocarbon field.
  12. All imports of equipment/parts used by the Libyan hydrocarbon sector should be imported into Libya through a locally-based Libyan company.
  13. Ensuring that companies only get allocated tenders they are licenced for.

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